How are assets divided among children without a will?

  • When a Hindu male dies without a will, it is known as dying intestate

Neha Pathak
Updated14 Sep 2022, 12:43 AM IST
iStock
iStock

My father got married in 1959 and had a son and two daughters from his first wife. She died in 1974. My father remarried in 1978 and had two daughters from his second wife.

My father passed away in 2010 without a will. He had certain properties in his name. How will those assets be distributed among the children in the absence of a will?

—Name withheld on request

 

As per your query, we assume that your father was a Hindu and his properties are self-earned, self- created. Further, these properties are not ancestral in nature. Also, we assume that there is no right or interest of any other person in the property and that the same were held only by him. 

Since your father passed away without a will, the provisions of Hindu Succession Act, 1956 will be applicable. 

Under Hindu Succession Act, 1956 states “General rules of succession in the case of males.—The property of a male Hindu dying intestate shall devolve according to the provisions of this Chapter

(a) firstly, upon the heirs, being the relatives specified in class I of the Schedule;

(b) secondly, if there is no heir of class I, then upon the heirs, being the relatives specified in class II of the Schedule;

(c) thirdly, if there is no heir of any of the two classes, then upon the agnates of the deceased; and 

(d) lastly, if there is no agnate, then upon the cognates of the deceased.” 

Thus, when a Hindu male dies without a will, it is known as dying intestate. 

 In case of your father, he has passed away intestate and all of you are the Class I heirs i.e widow (second wife) and all his five children (all the daughters and sons). 

All of you will be entitled to his property in equal proportions i.e 1/6th portion devolving upon each one of you. In case any of your brother or sister has pre-deceased your father then the share of such pre-deceased brother or sister would devolve on his or her children in equal proportion. 

Further, based on the location of property, your family would have to procure Letters of Administration or Succession Certificate from the Court having competent jurisdiction. 

Once your family procures Letters of Administration or Succession Certificate, the bequeath has to be recorded with the sub-registrar of assurance or the appropriate registration authority.

Neha Pathak is head of Trust & Estate Planning at Motilal Oswal Private Wealth

Catch all the Instant Personal Loan, Business Loan, Business News, Money news, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

MoreLess
First Published:14 Sep 2022, 12:43 AM IST
Business NewsMoneyPersonal FinanceHow are assets divided among children without a will?

Get Instant Loan up to ₹10 Lakh!

  • Employment Type

    Most Active Stocks

    Bandhan Bank share price

    211.00
    03:51 PM | 11 OCT 2024
    23.25 (12.38%)

    Tata Steel share price

    160.70
    03:51 PM | 11 OCT 2024
    1.05 (0.66%)

    Axis Bank share price

    1,174.25
    03:29 PM | 11 OCT 2024
    -9.5 (-0.8%)

    Zee Entertainment Enterprises share price

    130.10
    03:55 PM | 11 OCT 2024
    0.7 (0.54%)
    More Active Stocks

    Market Snapshot

    • Top Gainers
    • Top Losers
    • 52 Week High

    JM Financial share price

    153.85
    03:51 PM | 11 OCT 2024
    8.75 (6.03%)

    Divis Laboratories share price

    6,141.15
    03:59 PM | 11 OCT 2024
    200.65 (3.38%)

    Page Industries share price

    45,400.00
    03:29 PM | 11 OCT 2024
    1264.7 (2.87%)

    HCL Technologies share price

    1,839.55
    03:57 PM | 11 OCT 2024
    29.55 (1.63%)
    More from 52 Week High

    Cummins India share price

    3,611.75
    03:55 PM | 11 OCT 2024
    -169.6 (-4.49%)

    Star Health and Allied Insurance share price

    547.85
    03:59 PM | 11 OCT 2024
    -19.35 (-3.41%)

    Creditaccess Grameen share price

    1,081.40
    03:29 PM | 11 OCT 2024
    -38 (-3.39%)

    Jubilant Pharmova share price

    1,146.15
    03:55 PM | 11 OCT 2024
    -37.65 (-3.18%)
    More from Top Losers

    Nippon Life share price

    700.85
    03:53 PM | 11 OCT 2024
    59.15 (9.22%)

    Network 18 Media & Investments share price

    81.44
    03:52 PM | 11 OCT 2024
    5.16 (6.76%)

    Sonata Software share price

    608.50
    03:42 PM | 11 OCT 2024
    36.1 (6.31%)

    Triveni Turbines share price

    790.10
    03:29 PM | 11 OCT 2024
    45.85 (6.16%)
    More from Top Gainers

    Recommended For You

      More Recommendations

      Gold Prices

      • 24K
      • 22K
      Bangalore
      76,645.00-50.00
      Chennai
      76,651.00-50.00
      Delhi
      76,803.00-50.00
      Kolkata
      76,655.00-50.00

      Fuel Price

      • Petrol
      • Diesel
      Bangalore
      102.86/L0.00
      Chennai
      100.76/L0.01
      Kolkata
      104.95/L0.00
      New Delhi
      94.72/L0.00

      Popular in Money

        HomeMarketsloanPremiumMint Shorts