Different legal requirements may apply depending on the type of property, your ownership rights over it, and the number of legal heirs, among other factors. However, problems arise when there is no desire to act. According to Ajinkya, the legal heirs of the deceased may appoint one or more administrators, who will then be granted Letters of Administration to the deceased person’s estate.
The distribution can be agreed upon by both parties or determined by a court of law. All legal heirs have the option of transferring their rights to a single heir or to another person. Because the legal process is so time-consuming and costly, the courts cannot guarantee a favourable decision in the vast majority of cases. Conflicts over ownership of mobile and immovable property are common in Indian households, affecting people of all socioeconomic backgrounds. As a result of these circumstances, property disputes are common in India. Going to court appears to be the obvious alternative for the vast majority of arguing families, rather than attempting to resolve the issue outside of the courtroom.
Property disputes are common, and court battles over ownership rights to a plot of land can last years, if not decades. Arguments of this type are extremely common in the context of inheritance. You may not be able to conduct financial transactions after inheriting a property until you give up your half to someone in exchange for a consideration, or vice versa. To gain control of the property, however, you must first complete the necessary legal paperwork. For example, you may want to sell it or give it as a gift to someone, but in order to do so legally, you must first prove that it is legally yours.
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Procedure
A third party (such as a real estate attorney or an elderly relative) is frequently involved in the resolution of a property dispute, assisting the parties in reaching a mutually acceptable agreement. While a family settlement may be one of several legal documents that define each family member’s rights to their own property, it is possible that it is only one of many. A family settlement is not considered a gift or a transfer of property under the Internal Revenue Code. In order to ensure that the property is transferred accurately and completely, exclusive transfer of property documents must be created in addition to the family agreement. Consider the tax implications of your decision before deciding whether or not to give away property.
Is it worthwhile to seek the advice of a property dispute mediator?
There are times when pursuing legal remedies is not the best option. Concerns that are obscured by legalese have the potential to snowball into major issues. When it comes to resolving family property disputes, I believe that mediation and counselling are preferable to litigation.
One of my most vivid memories is of a client who visited my office. He was born into a well-to-do family. He had a married younger sister at the time of his death. The young man’s father died as a result of old age. The land legally belonged to both of their father’s siblings because he had not made a will before his death, according to the law.
Agreement on Family Asset Distribution (also known as a Settlement Agreement)
Rather than going to court over property disputes, family members settle their differences through the use of a formal agreement and divide the family’s assets with the permission of all members. A family settlement agreement is structured in the same manner as a partition deed. In this case, the formalities for registering and stamping a family settlement agreement do not apply. When a family settlement agreement is signed by all members of the family without exception, the use of fraud, coercion, or pressure from other family members is prohibited.
There is no need to draught a family settlement agreement because it can be accomplished through compromise or by family members reaching an amicable agreement on their differences. Family counselling services can help you put an end to family feuds over senior estates. An extended family is much more than a group of people who are related by blood and thus live together as a unit when you think about it. A family is a group of people who band together to support and protect one another when the situation demands it. Families are important in every culture around the world.
The term “family support” refers to the fact that each member of a family contributes, both emotionally and financially. On the other hand, today’s high divorce rates and property disputes have changed our understanding of what it means to be a family. This transformation is being aided by a number of factors. The most common reasons for divorce are financial difficulties, workplace challenges, and marital problems. In the grand scheme of things, real estate issues are insignificant. Even if a person’s assets are no longer in use, legal disputes continue to rage after their death. It is a waste of both time and energy to fight for something that no one will ever achieve.
It is not uncommon in India for a property dispute to last 30 to 40 years. Despite the passage of time, disagreements persist. When dealing with such sensitive issues, it is usually best to seek professional assistance and therapy. It contributes to the family’s cohesion. Families, in my opinion, should be protected, and society should make efforts to ensure that this occurs. Finally, the only way to achieve this goal is to resolve family disputes and conflicts.
Background checks are being carried out
Regardless of why you need exceptional lawyers, it is critical that you conduct a background check on each candidate. Before hiring an attorney from the internet, it is critical to research the lawyer’s standing in the bar council. Your judgments may be influenced by your peers’ ratings and evaluations, and there is no reason to stick to your sometimes incorrect ideas. It is possible that the advice of colleagues and clients will help you make the best decision. You can also talk to other lawyers you know to find out more about the lawyer’s ethics, practice, reputation, and outward behaviour, among other things.
Friends and family referrals
A better option is to speak with others in your community who have dealt with the same situation as you — for example, if you have a claim of sexual harassment, you should contact a women’s organisation. Inquire about their legal representation and how they felt about their lawyers. If you talk to a half-dozen other people who have dealt with a similar legal issue, you will most likely come away with a slew of new leads.
However, don’t base your choice of a lawyer solely on a recommendation from someone else. There are many different reactions to a lawyer’s style and attitude, so make your final decision after meeting with the lawyer, discussing your case, and determining that you are comfortable working with them. Furthermore, it may be difficult to find legal counsel with the expertise you require through a personal referral (for example, if your friend had a fantastic divorce lawyer but you needed incorporation help, the recommendation may not be very helpful) (for instance, if your friend had a great divorce lawyer, but you need incorporation advice, the referral may not do you much good).
Consult with other attorneys
Law firms and individual attorneys in a given area are frequently aware of their counterparts’ abilities and reputations. As a result, they may be able to help you gather information about a fellow lawyer’s ethics, skill level, demeanour, practise patterns, and reputation that isn’t readily available to the general public in a book or on the internet, for example.