Do assets received from HUF partition belong to the son’s HUF?

Do assets received from HUF partition belong to the son’s HUF?

We are residents of Mumbai and have an HUF in the name of our father, who owns various movable and immovable properties. It has three married sons, and their family members are members of the HUF. After my father’s death, my eldest brother worked as a Karta at the HUF. We plan to partition the … Read more

Inheritance under Hindu Succession Act: What happens when an heir converts

Inheritance under Hindu Succession Act: What happens when an heir converts

My sister converted to Christianity although my family is Hindu. In the event of my father’s or mother’s demise, how would the succession of assets happen if they did not create a will? —Name withheld on request  In the event of the demise of your father or mother without leaving a will, the distribution of … Read more

Estate planning under the Hindu and Indian succession acts to ensure a smooth transfer

Estate planning under the Hindu and Indian succession acts to ensure a smooth transfer

I am a Hindu father with two daughters and a son, living in Mumbai. I own a house and some land in my hometown. I’ve heard about the changes made by the Hindu Succession (Amendment) Act, 2005, but I’m not sure how they apply to my situation. How can I plan my estate to ensure … Read more