Asked by Mr. sanjay Kumar
Me (52)and my wife (55) have been living seperately for more than 5 years and are filing a divorce since the son (17 yrs) is now grown up. For the sake of the child we tried to have suitable environment by adapting this model. I have a landed house (paid off) and a hdb (on loan - I pay). After all the discussions within the family, me and wife agree to keep the hdb and pte home on my name and she will take the cash. I will make a will and if i am not around, all my assets will go to my son. I have my office in the landed house and I want to live in hdb. Can I keep my both properties, if I agree to all conditions my wife has put. I want to incur minimum stamp duty and legal cost in this. Please advice.
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