Hi
Good day. I have a doubt in relation to POF. I hold sufficient amount in my Bank account for a family of 4 members. However i hold a joint account with my Father. So the Fixed deposit certificates which i hold, has got his name along with mine.
Can you please advise how to proceed with this ? Will a gift deed sound logical as I have the money in my account but the only issue is it is a JOINT account. Unfortunately i dont hold a Single account on my name separately. So how do i proceed with this joint account POF scenario?
Thanks
Good day. I have a doubt in relation to POF. I hold sufficient amount in my Bank account for a family of 4 members. However i hold a joint account with my Father. So the Fixed deposit certificates which i hold, has got his name along with mine.
Can you please advise how to proceed with this ? Will a gift deed sound logical as I have the money in my account but the only issue is it is a JOINT account. Unfortunately i dont hold a Single account on my name separately. So how do i proceed with this joint account POF scenario?
Thanks