To ensure the protection and smooth succession of any residential, agricultural, or commercial property in Punjab, it is essential for the owner to outline their intentions in a legally binding will in India, clearly naming the chosen beneficiary or beneficiaries. Our expert advisers are available to provide guidance on this process, whether you’re in the UK or India, ensuring a seamless experience.
For ancestral properties, Indian law typically allows inheritance by immediate family members, with equal shares distributed upon the owner’s death.
However, while the owner is still alive, any property in Punjab—including residential, agricultural, or commercial—can be sold, transferred, or have joint ownership added. Our experienced advisers in the UK, as well as our advisers in India, located in New Delhi, Mumbai, and Punjab, are on hand to help navigate these processes and ensure your assets are well protected.
It’s important to note that beneficiaries, regardless of where they reside, can inherit property in Punjab. However, transferring the property title to the intended beneficiary while the owner is still alive is often the most efficient way to avoid lengthy court proceedings and potential disputes over the will.
We highly recommend conducting a comprehensive “Property Health Check” to ensure the following:
- Verification of the true ownership of the property
- Identification of the type and current status of the property
- Determination of the exact area of the property
- Discovery of any legal or financial claims on the property
- Review of the history of property ownership
This critical process helps uncover any illegal possession or disputes and ensures your documentation is in order, preparing you for any future events.
At Atwal Financial, a UK-based company, we take pride in offering the highest levels of client service both in England and India. Our advisers in London, Nottingham, New Delhi, Mumbai, and Punjab are dedicated to providing personalized, hands-on support.
With a focus on efficiency, we ensure all client inquiries are handled promptly, typically within 24 hours, making us a preferred partner for property and financial advice in both the UK and India. Let our experienced team protect your interests and secure your assets with our top-tier advisory services.