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Question : Can i specify an under construction property in the Will? The property will be delivered only after a year. But i want to register the Will now by bequeathing my properties to my son. Is that possible?
Subject : Drafting a Will
Answer By : Rajesh G. Khandelwal West, Mumbai
Best way, You can deliver the under construction property also through the Gift Deed to your son mentioning and annexing the agreement of the under construction property, if any. Further, if you wish to make a WILL, and you are mentally sound, than you need not even register your last drafted WILL as not compulsory under the Act, only you have to have your family doctor certificate, etc. for more details You may contact me on professional basis :)
Best way, You can deliver the under construction property also through the Gift Deed to your son mentioning and annexing the agreement of the under construction property, if any. Further, if you wish to make a WILL, and you are mentally sound, than you need not even register your last drafted WILL as not compulsory under the Act, only you have to have your family doctor certificate, etc. for more details You may contact me on professional basis :)
Answer By : Advocate Jamal Sait Central, Bangalore
A Will is a legal declaration. Certain formalities must be complied with in order to make a valid Will. It must be signed and attested, as required by law. If u intend to create a will in favor of any person. it is very important that you must own the property and must have a marketable title. The Problem with under construction property is that the builder has not executed a sale deed in your favor. You have just booked the property and sale becomes complete only after paying entire consideration sale amount and executing the sale deed in your favor.
A Will is a legal declaration. Certain formalities must be complied with in order to make a valid Will. It must be signed and attested, as required by law. If u intend to create a will in favor of any person. it is very important that you must own the property and must have a marketable title. The Problem with under construction property is that the builder has not executed a sale deed in your favor. You have just booked the property and sale becomes complete only after paying entire consideration sale amount and executing the sale deed in your favor.
Answer By : MOHD ABITASHAM ADV West, Haridwar
yes you can do this but the condition of property must be mentioned in the will ,and if you have the documents related to the property attach them and also mention in the will.
yes you can do this but the condition of property must be mentioned in the will ,and if you have the documents related to the property attach them and also mention in the will.
Answer By : GAJANAND VERMA South, Jaipur
Yes, you can make will of under construction property in favour of your son, even though will can be made of any property to be acquired in future
Yes, you can make will of under construction property in favour of your son, even though will can be made of any property to be acquired in future
Answer By : Advocate Prashant Chavda Central, Vadodara
Yes u can register your will Nd u have to mention that property in ur will Adv Prashant chavda M-7405552006
Yes u can register your will Nd u have to mention that property in ur will Adv Prashant chavda M-7405552006
Answer By : Adv Dhiraj shankarlal joshi Central, Amravati
yes.please mention detail of the same.yes if proprty is your self acquired propetty then defenetly yes.
yes.please mention detail of the same.yes if proprty is your self acquired propetty then defenetly yes.
Answer By : SUVAJIT GHOSH DASTIDAR South, Kolkata
Yes, it is possible that you can bequest your under conditioned property to your son and register the same.
Yes, it is possible that you can bequest your under conditioned property to your son and register the same.
Answer By : Veena R West, Bangalore
Yes you can but incorporate the property description in detail and also specify that this property is under construction and will be delivered to you within a particular timeframe. In the event you have signed an agreement of sale with the builder, make the agreement as an annexure to the Will, so that it will not be disputed later on that the property was acquired after execution of the will.
Yes you can but incorporate the property description in detail and also specify that this property is under construction and will be delivered to you within a particular timeframe. In the event you have signed an agreement of sale with the builder, make the agreement as an annexure to the Will, so that it will not be disputed later on that the property was acquired after execution of the will.
Answer By : Mandar Patki Central, Mumbai
Yes it is absolutely fine. if the said flat or property whether it is constructed or in the position of under construction if it is self acquired property then you have full right to disposed it off whnever you want and the way you want and yes of course by making will. Adv Mandar N Patki
Yes it is absolutely fine. if the said flat or property whether it is constructed or in the position of under construction if it is self acquired property then you have full right to disposed it off whnever you want and the way you want and yes of course by making will. Adv Mandar N Patki
Answer By : Lexim Associates South, Mumbai
Yes. You can do that. All properties, movable, immovable of which testator is the owner and which are transferable can be disposed of by will. The Testator can also bequest all known and unknown rights, title and interest, that the testator dies possessed of.
Yes. You can do that. All properties, movable, immovable of which testator is the owner and which are transferable can be disposed of by will. The Testator can also bequest all known and unknown rights, title and interest, that the testator dies possessed of.
Answer By : Advocate Yogendra Singh Rajawat North, Jaipur
Yes, but property should be exits . I mean ownership procured in the property.
Yes, but property should be exits . I mean ownership procured in the property.
Answer By : Akash Kashyap South, North East Delhi
You can absolutely do so. You may will any interests in any property you possess to your son. The sale agreement constitutes such an interest - and you may leave it to your son. If the will goes into effect before delivery, then your son will stand in your shoes and be entitled to the delivery of the property at that point of time.
You can absolutely do so. You may will any interests in any property you possess to your son. The sale agreement constitutes such an interest - and you may leave it to your son. If the will goes into effect before delivery, then your son will stand in your shoes and be entitled to the delivery of the property at that point of time.
Answer By : Ambrose North, Bangalore
Yes, you have to prepare duly stating the status of the property with relevant documents and annexe, you should have two witness preferably your family doctor & Lawyer and register.Better to consult a Expert lawyer to prepare all aspects of the issue & register.
Yes, you have to prepare duly stating the status of the property with relevant documents and annexe, you should have two witness preferably your family doctor & Lawyer and register.Better to consult a Expert lawyer to prepare all aspects of the issue & register.
Answer By : Ambrose North, Bangalore
Yes, you have to prepare duly stating the status of the property with relevant documents and annexe, you should have two witness preferably your family doctor & Lawyer and register.Better to consult a Expert lawyer to prepare all aspects of the issue & register.
Yes, you have to prepare duly stating the status of the property with relevant documents and annexe, you should have two witness preferably your family doctor & Lawyer and register.Better to consult a Expert lawyer to prepare all aspects of the issue & register.
Answer By : Rakesh South, Mumbai
Yes. But how do you demonstrate that you have right in the under construction property? I presume that you would have a allotment letter or registered agreement executed by the Builder/Developer in your favour. Please mention the details of the same also in the will.
Yes. But how do you demonstrate that you have right in the under construction property? I presume that you would have a allotment letter or registered agreement executed by the Builder/Developer in your favour. Please mention the details of the same also in the will.
Answer By : Solanky West, Mumbai
Yes you can. Do you have allotment letter by builder or developer or documents given by builder proving your ownership.
Yes you can. Do you have allotment letter by builder or developer or documents given by builder proving your ownership.
Answer By : gunjan shah Central, North 24 Parganas
Yes, you can specify any future property that you anticipate to get in your Will.
Yes, you can specify any future property that you anticipate to get in your Will.
Answer By : ROHIT DALMIA West, Mumbai
Yes, You can include it in your will. Also you need to put the liability associated with it, such as housing loan or balance amount payable to the Developer for acquiring the under construction property, so that the beneficiary would be aware about the liability associated with that assets. For further consultation you may contact on 9324538481. Regards
Yes, You can include it in your will. Also you need to put the liability associated with it, such as housing loan or balance amount payable to the Developer for acquiring the under construction property, so that the beneficiary would be aware about the liability associated with that assets. For further consultation you may contact on 9324538481. Regards
