Hindu Succession Act News
How Much Of A Husband’s Money Does A Wife ACTUALLY Inherit & What Happens To Her Assets? | EXPLAINED
If a husband or wife passes away, many would presume that the wealth would go to the other spouse. For example, if a husband passes away, you would think that the wife gets the assets that he’s left behind. But in reality, the wife would end up with just 25-33% of the husband’s assets. The rest would go to the kids and to his family. But if a woman passes away, her family wouldn’t get any of her assets. Here’s a full explainer on exactly what happens under inheritance laws in India, and why it’s super important to make a will to avoid leaving certain members of your family in the lurch in case of a death. Watch
20 Mar 2024Can a widow claim right to the property of her deceased son?
In the absence of a Will, the devolution of assets is governed by the framework of intestate succession as per the Hindu Succession Act, 1956 ;
1 min read22 Dec 2021Who is a coparcener?
Both sons and daughters are coparceners in the family and share equal rights and liabilities over the property
1 min read19 May 2020Adopted child is class-1 heir and has equal rights in father’s property
Father’s properties will devolve equally among all class-I heirs under the Hindu Succession Act, 1956An absolute owner of a share in property, one can absolutely and without any fetters deal with his share in the property in the manner he deems fit
2 min read4 Dec 2019An ancestral property becomes self-acquired after its partition
All legal heirs including daughters are entitled to an equal share in the joint Hindu family propertyWhenever an ancestor inherits any property from any of his paternal ancestors up to 3 generations above him, then his legal heirs up to 3 generations below him would get an equal right as coparceners in that property
3 min read13 Nov 2019Coparceners can ask for partition of HUF property
It should be kept in mind that all coparceners are members of a Hindu Undivided Family, but the reverse is not trueThe sons and daughters of a deceased coparcener become members and coparceners of the HUF automatically
3 min read22 Oct 2019Transfer of ancestral land is valid if deed is registered
It is assumed that the Hindu personal laws are applicable to your familyThere can be a dispute if ancestral land is not transferred, as per laws and/or the transfer deed is not registered
2 min read15 Oct 2019In case of any conflict after testator’s death, Will takes precedence over any nomination
Where as a validly executed Will is generally the document considered to contain the intention and the wishes of the deceased testatorBoth your son, as a son of a pre-deceased son, and her 2nd husband would be entitled to a share in the new property under the provisions of the Hindu Succession Act
3 min read24 Sep 2019During the limitation period, legal heirs can object to asset transfer
The limitation period is three years from the date the legal heirs become aware of an asset’s transferIn the event that they (or any one of them) were minors at the time of execution of the sale deed, the limitation period will be calculated from the day they attain the age of majority or 18 years
2 min read10 Sep 2019Undivided share in father’s HUF can be bequeathed by executing a Will
Stamp duty will be payable on the partition and release deeds when executedIf you wish to dissolve your father’s HUF, you may do so by a partition of the HUF where the coparceners and members would be entitled to a share
2 min read30 Apr 2019Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared