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Front Page

Friday July 18th
. Union Cabinet's Nod For Creating Project Cells To Speed Up Work For Six AIIMS-Type Institutes (0 comments)

Thursday July 17th
. Rain Forces Authorities to Shut Down Schools for 3 Days in Patna (0 comments)
. Patna High Court Nod To 'Jail Birds' RJD Lok Sabha Member Mohammed Shahabuddin For Voting In LS (0 comments)
. Three new IITs coming, but where's the infrastructutre, buildings or faculty? (0 comments)
. English Radio Lessons A Hit In India (0 comments)
. Career Plan For Tribal Pupils,Govt To Convert Welfare Dept Schools To Plus Two Cradles (0 comments)
. All Is Not Well With Popular Temples Of Patna,Huge Irregularities Have Been Detected In Each Of Them (0 comments)
. A Crackdown on India's Cybercafés (0 comments)

Wednesday July 16th
. Patna Becomes Hell During Rains (0 comments)
. Web Exclusive | `Twitter-Nama', A New Communication Tool (0 comments)
. Army & State Start Green Drive In City - 50,000 Saplings Planted To Observe Van Mahotsav (0 comments)
. Govt 'Accepts' Patna University Staff Demands (0 comments)
. Nalanda Tries To Revive Bihar's Heritage,The Pride Of Ancient kingdom of Magadha And Of The World (0 comments)
. Most Bihar teachers can't do their math (0 comments)
. Soon, RTI Pleas To Be A Phone Call Away, Govt Set To Introduce A National Call Centre (0 comments)

Monday July 14th
. 'Free Health Camps In Each And Every District In The State': Paswan (0 comments)
. Governor urged to agree to strikers' demands (0 comments)
. Rly Introduced A Comprehensive Monsoon Safety Plan For Danapur Division Of East Central Railway (0 comments)
. Data Cell All Set To Hasten Ranchi University (RU) Results (0 comments)
. Hemophilia Test Camp Inaugurated at Patna Hospital (0 comments)
. RJD MPs From Bihar And Jharkhnad Summoned To Delhi For Special Parliament Session (0 comments)

Sunday July 13th
. Patna Law College, A Constituent Unit Of Patna University (PU) Faces Derecognition (0 comments)

Saturday July 12th
. New medical colleges coming up in Bihar - Union Health Minister Anbumani Ramadoss (0 comments)

Friday July 11th
. NABARD Loan Of Rs 235.50 Crore For Bridge Over Gandak In Gopalganj (0 comments)
. Two Bihar Builders Nutan Construction And Vasundhara Homes Fall InIncome Tax Net (0 comments)

Thursday July 10th
. Bihar Villagers Constructed A Dam To Prevent Floodwaters From Devastating Their Village (0 comments)
. Lalu Yadav Inaugurates Central Board of Secondary Education (CBSE) Regional Office (0 comments)

Wednesday July 9th
. Buddhist Monument In A Dilapidated Condition In Bihar,It Being Under Control Of Archaeological Deptt (0 comments)
. Bihar, Jharkhand Told To Meet Over 'Dues' For Education of Bihari Students At BIT, Sindri: Patna HC (0 comments)
. Bihar State Electricity Board (BSEB) For Increase The existing Power Tariff In Bihar (0 comments)

Older Stories...

Banks On DMs To Protect Elderly, Property Registrars They Will Advise Senior Citizens On Inheritance

The next time an old man bequeathes property to his son, he may be gently told that making the `virasat' conditional that the beneficiary should look after him for his remaining years could ensure him a life of dignity.

With the law for old persons passed by Parliament saying that a transfer of property would be considered "fraud or coercion" if it was made on such a quid pro quo and the promise not fulfilled, the Union government is pinning its hopes on district magistrates to turn the tide in favour of the elderly by making popular the concept of "conditional inheritance".

Social justice and empowerment minister Meira Kumar said DMs, being registrars in districts, oversee property transfer and they should advise people on property changing hands. "They would know the law that is coming up better than common people," Kumar told TOI.

While DMs are the registrars in
districts, sub-registrars carry out the actual registration of property.

Importantly, the DMs hold centrestage in the operation of the "Maintenance and Welfare of Parents and Senior Citizens Bill" as the tribunals to be set to arbitrate the petitions from elderly to enforce care from children would be set up at sub-division level, which would fall under their jurisdiction. The DMs have also been designated as the "appellate authority" if the elderly want to appeal against a tribunal order. Kumar said, "I will write to chief ministers, asking them to take special care of provisions of the new law which are important to make it a success."

Click on "Full Story" for more...

By Dr arvind, Section Real Estate Property
Posted on Thu Dec 20, 2007 at 02:06:47 AM EST
The power to "disinherit" beneficiary children is seen as important in the wake of rising instances of the elderly being abandoned once they give family assets to the younger generation. The same trauma afflicts many childless older persons who `adopt' families in the hope of support and choose them as their heirs.

The move to fast-track awareness on "conditional inheritance" appears relevant in the backdrop of a recent Supreme Court order that parents could not take back property once given to children, even if they ill-treated them. Ministry sources said the law would offset the apex court judgment by giving them the security of giving property with a condition.

According to the recent SC judgment, law forbids any reversal of property once bequeathed. "Once a gift is complete, it cannot be rescinded. The subsequent conduct of a recipient cannot be a ground for demanding the return of a valid gift for any reason," the court had said. Importantly, an apex court verdict delivered two months ago ruled that parents could disentitle their only son from inheriting their property if he did not take care of them in their old age or during their illness.

From: Times News Network, December-20-2007

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