Q537. UK resident - ensure property owned in India goes to child

Question:I am NRI living in UK on ILR (permanent residence) and My husbands is british citizen FROM srilankan origin and my baby holding uk passport. i have some property in india , what would be the status of that property if something happens to me? how should my baby eligible to property ? What i want to do for it? and she is not eligiable for PIO card and OCI. Vidhya Answer: I assume your concern is that since your child is not eligible for PIO card or OCI lifelong Indian visa, she will be denied ownership of your property if something happens to you. Regardless of citizenship or whether a person has OCI or PIO card, if they legally own property in India, their ownership does not change. Foreigners do own, hold and inherit property in India. Regardless of citizenship, if property in India was acquired legally. You can pass the property on to your child by way of a will. Consult a lawyer to seek appropriate advice to ensure your assets in India or anywhere else will be transfered to your child in case, God forbid! something happens to you. A lawyer is not a mandatory requirement to make a will, anyone can write up a will and get it witnessed. However it is advisable to consult a lawyer and seek professional advise, so as to ensure disputes about the will do not arise later. Although using a solicitor, to get a will made made in UK can cost about £200, having the document prepared by a professional will give you peace of mind.
Disclaimer: Information provided is for general knowledge only and should not be deemed to be professional advice. For professional advice kindly consult a professional accountant, immigration advisor or the Indian consulate. Rules and regulations do change from time to time. Please note that in case of any variation between what has been stated on this website and the relevant Act, Rules, Regulations, Policy Statements etc. the latter shall prevail. © Copyright 2006 Nriinformation.com
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Q537. UK resident - ensure

property owned in India goes to

child

Question:I am NRI living in UK on ILR (permanent residence) and My husbands is british citizen FROM srilankan origin and my baby holding uk passport. i have some property in india , what would be the status of that property if something happens to me? how should my baby eligible to property ? What i want to do for it? and she is not eligiable for PIO card and OCI. Vidhya Answer: I assume your concern is that since your child is not eligible for PIO card or OCI lifelong Indian visa, she will be denied ownership of your property if something happens to you. Regardless of citizenship or whether a person has OCI or PIO card, if they legally own property in India, their ownership does not change. Foreigners do own, hold and inherit property in India. Regardless of citizenship, if property in India was acquired legally. You can pass the property on to your child by way of a will. Consult a lawyer to seek appropriate advice to ensure your assets in India or anywhere else will be transfered to your child in case, God forbid! something happens to you. A lawyer is not a mandatory requirement to make a will, anyone can write up a will and get it witnessed. However it is advisable to consult a lawyer and seek professional advise, so as to ensure disputes about the will do not arise later. Although using a solicitor, to get a will made made in UK can cost about £200, having the document prepared by a professional will give you peace of mind.
N
RI Information
Informing educating and connecting Indians across the globe
NriInformation Questions &Answers
Read Disclaimer at bottom of page
Disclaimer: Information provided is for general knowledge only and should not be deemed to be professional advice. For professional advice kindly consult a professional accountant, immigration advisor or the Indian consulate. Rules and regulations do change from time to time. Please note that in case of any variation between what has been stated on this website and the relevant Act, Rules, Regulations, Policy Statements etc. the latter shall prevail. © Copyright 2006 Nriinformation.com
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