Q:Hello, can someone advice?My mother in law owned an appartment in Goa.Three years ago we bought it from her and paid cash . we didnot change the property name at that moment. we are now looking to transfer the property to our name. we were informed that we could avoid all expenses if she makes an inheritance will stating that the property will pass on to us at the time of her death, Is this so? IF NOT what are the current percentages of taxes, registeration etc we will have to pay? is it an easy process or should we hire a lawyer, to take care of this since we live in mumbai? thanks in advance
Latest Answer: Thanks friends for your info, which is of great help! However, as Sankalp says, I think we will hire a local lawyer. Just hoping the procedure of transfer does not take too long though, I hope 2 weeks to will be more than sufficient for the entire process?!
