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Business News/ Money / Personal Finance/  Who is a coparcener?

As per the Hindu Succession Act, 1956, any individual born in a Hindu Undivided Family (HUF) becomes a coparcener by birth. Both sons and daughters are coparceners in the family and share equal rights and liabilities over the property. A daughter remains coparcener even after marriage and her children become coparceners in her share after her death.

With every birth in the family, the proportionate share of a coparcener decreases and with every death in the family, the proportionate share increases.

A coparcener is not the same as a member of the HUF. All coparceners are members but all members may not be coparceners. A wife or husband of the coparcener is a member but not a coparcener in that family. Also, only coparceners can ask for the partition of the property.

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Updated: 19 May 2020, 10:23 PM IST
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