‘Deed’ it for mom

Registering properties in a mother’s name offers financial benefits, including reduced stamp duty and tax advantages. Joint ownership can enhance loan eligibility and tax deductions. Proper documentation and estate planning, such as Wills, are essential to prevent disputes. Developers also provide special offers for women-led property ownership. “In the absence of proper structuring, such arrangements can give rise to inheritance disputes among legal heirs, particularly when expectations are not clearly documented. From a legal standpoint, the structure can work effectively as part of estate planning, provided it is supported by a clearly drafted Will in accordance with applicable succession laws,” cautions Brijita Prakash, partner, JSA Advocates & Solicitors. Read more