OPEN APP
Home / Money / Personal Finance /  You can transfer right of undivided house

You can transfer right of undivided house

Simultaneously, you can also make your Will whereby you can bequeath the remaining 75% undivided right, title and interest in the property in favour of your friend. (Priyanka Parashar/Mint)Premium
Simultaneously, you can also make your Will whereby you can bequeath the remaining 75% undivided right, title and interest in the property in favour of your friend. (Priyanka Parashar/Mint)

  • You can transfer a certain percentage, say, 25% undivided right, title and interest in the property in favour of your friend by way of a gift
  • This will safeguard your interest of protecting the property from your relatives

I am a single unmarried woman and own a house in my name. The property was bought in 2004. In the absence of any legal heirs, in order to safeguard the property from my relatives, can I include a trustworthy friend as a co-owner?

—Name withheld on request

To safeguard your property from your relatives or any third party, while enjoying the benefits of the same during your lifetime, you can transfer a certain percentage, say, 25% undivided right, title and interest in the property in favour of your friend by way of a gift or by any other mode of transfer. Simultaneously, you can also make your Will whereby you can bequeath the remaining 75% undivided right, title and interest in the property in favour of your friend who already owns a certain minimum percentage. This will safeguard your interest of protecting the property from your relatives.


Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Subscribe to Mint Newsletters
* Enter a valid email
* Thank you for subscribing to our newsletter.
Close

Recommended For You

×
Edit Profile
Get alerts on WhatsApp
Set Preferences My ReadsWatchlistFeedbackRedeem a Gift CardLogout