My sister’s family is facing a property transfer dilemma. Her father-in-law wants to give one of his properties to his daughter-in-law, but his mother’s will states that the property goes to his son, with a clause that if it’s not used (sold or settled), it goes to his grandson. Which option would be best for them, and how much would it cost to transfer the property to the daughter-in-law? If they need to settle the matter legally, what would the registration and stamp duty fees be?
Best Answer
Based on the will, the property legally belongs to the son. Transferring it to the daughter-in-law would require the son’s consent and potentially amending the will through legal proceedings. The costs of transfer and legal proceedings would vary based on the property’s value and legal fees. Specific registration and stamp duty fees are determined by state laws and would need to be assessed by a legal professional.
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