Liability of mominee as a third person
This query is : Resolved
04 December 2014
plz reply this..
A person purchase plot in1958 of Rs 20000. he sold plot to builder for 2.75cr in2014. agreement in sale deed was that builder will give him first floor and 75 lakh cash through bank. person purchase bunglow of Rs75 lakh. after that person died, but he make a registered will deed in which he made nominee of flat to third person which is not relative. i want to know the liability of person died and also the liability of mominee
04 December 2014
Nominate through WILL?
Ok let us accept as it is.
See the NOMINEE is the TRUSTEE of that property. The legal heirs of the deceased can claim the property as per Indian Succession Act, if nothing is mentioned in the said WILL as to how the property DISTRIBUTED.
Ok let us accept as it is.
See the NOMINEE is the TRUSTEE of that property. The legal heirs of the deceased can claim the property as per Indian Succession Act, if nothing is mentioned in the said WILL as to how the property DISTRIBUTED.
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