if the settler wishes,can the beneficiary be changed if the document has already been registered ?
2007-10-21
02:06:22
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4 answers
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asked by
orveeor
3
in
Politics & Government
➔ Law & Ethics
thanks for enlightening me on the subject.
however,I'm giving the following case for your opinion.The father A, by virtue of settlement of a property, gets it from his father. A's wife gave birth to a girl child & dies when the daughter was 9 yrs old.
Subsequently, A marries C and becomes father of a boy.
To avoid disputes,A settles a part of his portion in the favour of his daughter and registers. He also helps her to get a loan from a bank
in her name and signs as a co-obligant.After fully repaying,he receives the original documents from the bankers.
Now the problem starts. At the instigation of his wife, A wants the property to go to the son of his second wife.
*Once the settlement doc has been registered by paying full stamp duty, loan availed and since closed[the father signing as a co-obligant]can the beneficiary be changed?
*If so, on what grounds?
*now the daughter is poor with 1 major& 2 minor childrens.
*Will 1/2 of the entitlement[TN Act] to daughters apply here?
2007-10-21
14:06:29 ·
update #1