Property Transfer After Death: Will or no will: How to transfer property after the owner is dead |


Will or no will: How to transfer property after the owner is dead

The loss of a family member is difficult enough. But in the days that follow, families often find themselves confronted with paperwork-heavy processes of transferring property from the name of the deceased to the legal heirs. Some leave the property in the dead person’s name for years, even decades, which increases the possibility for legal troubles later on. Some also fall prey to middlemen who charge hefty fees for transfer procedures.The process is not simple, but it is manageable if you understand the basic property process.

If there is a will

A will is a legal document in which a person states how their assets should be distributed after their death. If the deceased left a registered and valid will, the transfer process is relatively more simple. The first step after obtaining the will is probate. Probate is a court order that certifies the authenticity of the will and gives the person named in the will to carry out its instructions, the legal authority to act.

If there is no will

When a person dies without a will the property is distributed according to personal law, which depends on the religion of the deceased.For Hindus, Sikhs, Buddhists, and Jains, the Hindu Succession Act, 1956, applies. Class I heirs include the spouse, children, and mother who have the first claim on the property and inherit in equal shares. For Muslims, inheritance is governed by Muslim personal law(Shariat law). For Christians and Parsis, the Indian Succession Act, 1925 applies, which has its own hierarchy of heirs and share distributions.Regardless of religion, when there is no will, the heirs typically need a legal heir certificate which is issued by the local tehsildar or revenue authority. It identifies who the legal heirs of the deceased are. All the class-I heirs hold equal right to the property, which requires them to provide their ID and address proof and be physically present in the sub-registrar office for the transfer process. In case the property is to be transferred to one heir, others will have to relinquish their share by signing a relinquishment deed and visiting the sub-registrar’s office to submit it.

Mutation

After possession, mutation is the process of updating the government’s revenue records to reflect the change in ownership. In simple terms, it means getting the property officially recorded in the heir’s name in the land records of the local municipal body. It is applied for at the local tehsil office or municipal corporation, with supporting documents including sale deed, updated property tax receipts, and identity proofs.If you have recently lost a family member who owned property, it is advisable to begin the documentation process early. The cost of proper legal advice is almost always far less than the cost of a dispute. And if you own property yourself, consider making a registered will to spare your family unnecessary hardship.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *