The key elements and process of registering a relinquishment deed
The majority of people don't create a will for years. In many cases, a person who has died without a will is referred to as an "intestate" person. When a person passes away "intestate", his/her legal heir inherits the property of that person. In the event that there are two or more legal heirs and they wish to separate the property, the relinquishment deed is a great choice, since it facilitates a smooth transfer of property if there are two or more legal heirs. The relinquishment deed is a legal document in which a legal heir gives up his legal rights in inherited parental property to another legal heir, such as his mother, son, daughter, brother, sister, etc. Known as "Relinquishment of Property", it occurs when one co-owner transfers ownership of property to another co-owner without consideration. Relinquishment of property points to consider Property can only be relinquished by someone who is the legal heir of the property; in the event that there ...