Tuesday, February 3, 2009

A property under joint name

A client I met yesterday told me that his father has a house under joint name with his uncle.

Upon the father's dealth, the uncle want to claim the whole house as his father's name was put there for application of loan purposes only.

Under the distribution act, the father's half share will be given to his family while the uncle maintains his half share.

Thus, there is contention among the two families.

If the father has written a Will, he can easily will away the half share to his brother knowing that that it does not belong to the family.

Thus, a Will can help to prevent dispute in dstributon of assets.

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