Dissolution of HUF and distribution of its assets2 min read . Updated: 24 Jan 2022, 06:03 PM IST
- HUF dissolution: The law to succession to HUF property has also been amended in 2005
In my HUF account I have various assets including listed shares of Rs.25 lakhs market value, 2 lakhs in bank account and 10 lakhs as advances given to a firm. I have two married sons and one married daughter. After My death how the shares get transferred to my sons’ account, and what about the other assets? Or will it be better if I dissolve my HUF now itself and distribute all the assets among my sons.
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