Law of property act1925 - excellent, agree
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Law of property act1925 Video
LAW OF PROPERTY ACT TOPIC- DETERMINATION OF LEASE law of property act1925Telegram What is a will? Making a will helps ensure one person that after his dissolution his property goes to the right heir and receives their equal share. There are some parties involved in execution of the will, they are: i. Testator: The person who writes the will.
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Beneficiary: These are the people to whom the will is written. They will receive all the assets of property. Executor: the person named by the testator who is given responsibility to carry our testators wish as prescribed in the will.
In Propertu amal vs. Raju Iyer, the court held that https://digitales.com.au/blog/wp-content/custom/african-slaves-during-the-nineteenth-century/nomenclature-chemistry-worksheet.php constructing a will the main thing to observe is the intention of the testator and this intention can be primarily observed from language of the document. What is partition? A partition is a deed of property executed to divide the property among different people, usually the family members.
A partition is a division of property held jointly by several persons, in order that everyone gets a share and becomes the owner of the share allotted to him.
The legal document which is used to attend the partition is called as partition deed. A partition deed is mostly used by families to divide shares in inherent properties.
By the above explanation the terms Will and Partition may sound the same, but they are not. Let us analyze the difference between the two through following points: The first and most important difference between the two is that it will come into force after the death of a person. Whereas partition is made between living persons. A will is intended to dispose of property.
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There must be some property which is being given to others after the death of the testator. And partition may be a combination of surrender and transfer of certain rights within the estate except those which are easement in nature. The beneficiary of the will enjoys the right of ownership of the property after it is passed to him, whereas co-owners in partition enjoy limited rights over a property.]
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