A Flat is Gifted to one of the family members by five nominees in favour of one Nominee. However out of five Nominees two are expired. One expiree was divorcee and has no children. But the other expiree was not divorcee but separated and having one daughter not staying with her. Now the three Alive nominee executed an Indemnity Bond to the Society that they will settle the matter if and when any claim on the property is claimed by the deceased legal heir. Will Indemnity Bond will be okay and valid and can it be accepted by the Society. Please guide
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Bakali
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A Flat is Gifted to one of the family members by five nominees in favour of one Nominee. However out of five Nominees two are expired. One expiree was divorcee and has no children. But the other expiree was not divorcee but separated and having one daughter not staying with her. Now the three Alive nominee executed an Indemnity Bond to the Society that they will settle the matter if and when any claim on the property is claimed by the deceased legal heir. Will Indemnity Bond will be okay and valid and can it be accepted by the Society. Please guide
Bakali posted May 25, 2022 at 6:52 pmComment
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