07-20-2007, 02:52 AM
thanks mudy.. and thanks for the inequality part of it, that is greatly seen by me. compounded gain and loss of the family must be accounted for property distribution. Sons should get freedom to express disappointments w.r.t financial burdens faced in up bringing of the family and then suddenly daughters swindle and go!. I vote some law that is really equal. all liabilities and responsibilities are shared equal. Its not fair law to share only gains and not the losses.
Law should enable Sons to table all losses and expenses plus compounding values of those expenses since over the period of time, cost of living as gone up and so is the salary. Hence, say property bought at Rs. 12k could be now earning say 40Lakhs in certain area, can't Sons have right to demonstrate their stakes being part of the family and stake ownership against an agreeable amount that is not at market value of the house in terms of sharing?. Of course, when Sons gave money to family, they never asked for documents and proof spending etc.
I 'm in a situation that I have spent a lot, and now that is all trashed.. they don't even consider such expenses, and its all about property now. If it goes to court, I am sure the court would want to sell the house and distribute the money among coparceners. But that is not what the intention was to build a house and its maintenance year long. The land ownership document is not Son's and this is where our law fails.
Indian laws are either unfair or totally abused by people. In general, I hate our (rather my) family values with this respect.
Law should enable Sons to table all losses and expenses plus compounding values of those expenses since over the period of time, cost of living as gone up and so is the salary. Hence, say property bought at Rs. 12k could be now earning say 40Lakhs in certain area, can't Sons have right to demonstrate their stakes being part of the family and stake ownership against an agreeable amount that is not at market value of the house in terms of sharing?. Of course, when Sons gave money to family, they never asked for documents and proof spending etc.
I 'm in a situation that I have spent a lot, and now that is all trashed.. they don't even consider such expenses, and its all about property now. If it goes to court, I am sure the court would want to sell the house and distribute the money among coparceners. But that is not what the intention was to build a house and its maintenance year long. The land ownership document is not Son's and this is where our law fails.
Indian laws are either unfair or totally abused by people. In general, I hate our (rather my) family values with this respect.