Recently my mother bought a residential property by selling her ancestral agricultural land. During the sale, I had signed on the papers as a mark of Goodwill. While she was buying the residential property, my dad and I had contributed some money as she was falling short of it.
Now I have below questions -
- Will this residential property be classified as self-acquired by my mother?
- Does she have any right to name the heirs of this property to anyone else apart from my father and me while she is alive?
- If she dies without making a will of any sort then can I inherit the property?
I am her only child. Apart from this, she has some other ancestral properties. Can I inherit them as well?
Kindly answer these questions. I m very much worried about these as she has not yet made a will and I don’t I live with her. My mother and father live together as I am a married, working professionally in Bangalore. My parents stay in my hometown.