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Source: Live Mint I have two sisters and I am the only son of my parents. In 2010, my father and I jointly purchased a property in both of our names, with 70% of the funds provided by me. Later, with my parents’ approval, I transferred the corresponding share (based on the 30% paid by…
Source: Live Mint Estate planning is essential for ensuring the well-being of loved ones and safeguarding wealth for future generations. While many perceive it as a task for the wealthy, having a robust estate plan is crucial for anyone who wishes to secure their family’s future. Wills and private family trusts are two primary tools…
Source: Live Mint The father, a Christian, had gifted his new redeveloped flat to his two daughters and his wife, each with a 1/3rd share, by executing a registered gift deed in April 2022. The completion certificate was received in April 2018. The wife expired in June 2024 without a will. Her share automatically went…
Source: Live Mint My late father bought a plot of land in 1999. The exact cost he paid is not available. He gifted it to me in August 2022 through a duly executed gift deed on which proper stamp duty was paid. Now, I am planning to sell this plot for two Crore rupees in…
