DISCUSS ANYTHING & EVERYTHING: Money, Dating, Health, Internet, Legal, Jobs, People, Places and more

Sponsored Links

Members Login
Username 
 
Password 
    Remember Me  
Chatbox
Please log in to join the chat!
Forum -> DISCUSS ANYTHING & EVERYTHING: Money, Dating, Health, Internet, Legal, Jobs, People, Places and more -> LEGAL -> The meaning and the rights of the word "USUFRUCT" mean
Post Info TOPIC: The meaning and the rights of the word "USUFRUCT" mean
Anonymous

Date:
The meaning and the rights of the word "USUFRUCT" mean
Permalink   
 

To whom it may concern.

I really need assistance  I am in a legal situation regarding the ownership of property that I bought

cash for my retirement.   On purchasing the property,  My two sons and I agreed I bought the property

in  both their names.  In the interim my one son passed away suddenly.  I am now in a situation at

to does this property go into the estate of my late son and does my grandson have the right to it now.

Bearing in mind this property I did buy in my sons names but with a agreement that it remains my

property for retiment until the day I pass on then they can decide between the two of them what they

want to do with it.    Now this has happened.  A advocate has replied but I dont undersand what he is

telling me  in on sentence he states "  Helene (being me received a USUFRUCT in respect of property  It must still be establish whether or not the death of a party to such a greement would terminate the agreement completey and the property remains the property of the purchaser Helene

I need to have this clarified please



__________________
Anonymous

Date:
RE: The meaning and the rights of the word
Permalink   
 

The property should continue in behalf of late son's partly owns what you bought in their names... Your late sons children will benefit from it... So be it...

__________________
Tithi


Newbie

Status: Offline
Posts: 2
Date:
RE: The meaning and the rights of the word "USUFRUCT" mean
Permalink   
 

According to Wikipedia, the meaning and the rights of the word " USUFRCT" IS AS FOLLOWS:-

Usufruct is a right of enjoyment, enabling a holder to derive profit or benefit from property that either is titled to another person or which is held in common ownership, as long as the property is not damaged or destroyed. In many usufructory property systems, such as the traditional ejidosystem in Mexico, individuals or groups may only acquire the usufruct of the property, not legal title.[citation needed]



__________________
Anonymous

Date:
Permalink   
 

I fully agree with the definition fiven in wikipedia and IInd the opinion of IInd person because sons of ur late son. MAY GOD KEEP HIS SOUL IN PEACE, are having equal share in the share of ur demised son, unless he has left a will to the contrary.  It is not an advice but logical opinion.  Legal matters need Advocates'opinion & verdict of Supreme Courts.

 

DEEPAK 



__________________
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.
Forum -> DISCUSS ANYTHING & EVERYTHING: Money, Dating, Health, Internet, Legal, Jobs, People, Places and more -> LEGAL -> The meaning and the rights of the word "USUFRUCT" mean
Tweet this page Post to Digg Post to Del.icio.us