Episode Details

Life Interest (ਉਮਰ ਭਰ ਦਾ ਹੱਕ) | Property Transfer Legal Process in Punjab

Life Interest in property is a legal arrangement where the owner transfers ownership to another person but retains the right to use or occupy the property during their lifetime. In this video, we explain the complete legal process of transferring property with Life Interest in Punjab, including registry, mutation (intkal), legal documentation, and potential risks.

If you are planning to transfer property to your children or family members while securing your lifetime rights, understanding Life Interest under Indian property law is extremely important.

This video covers:

• What is Life Interest in property?
• Difference between Life Interest and Full Ownership
• Life Interest vs Will (Which is safer?)
• Legal procedure for property transfer in Punjab
• Registry process and Sub-Registrar documentation
• Mutation (Intkal) process after transfer
• Legal risks and future disputes
• Importance of proper deed drafting
• Why legal advice is necessary before property transfer

Life Interest is commonly used in estate planning to protect the rights of the original owner while ensuring smooth succession. However, improper drafting of documents can lead to legal disputes, court cases, or ownership conflicts in the future.

We also discuss the relevance of the Transfer of Property Act, 1882, and why proper legal verification is essential before executing any Life Interest deed.

This guide is especially useful for property owners in Punjab who want to manage their assets safely and avoid family disputes.

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