Legal Question in Real Estate Law in India
grandsons share in the property
My father had an ancestral property,which was sold about 10 years back.My father bought a flat with his share of this property and some of his own funds(He being a pensioner )
He has expired recently
and we are four brothers can we share the proceeds of the sale equally? or have the grand children
(three of mine one of my brother)
any right to this amount.
They will have a right after my demise but do they have a right as of now?
6 Answers from Attorneys
Re: grandsons share in the property
well, all the grandchildren have a right in the property in the portion of the their father. The children gets a right in the ancestral property from the date of their conceivement i.e. nine months prior to their birth.
In your case, your share will be only one fourth out of one fourth - three children and you inherit equally - out of the your one fourth share in the sale proceeds.
Re: grandsons share in the property
All depends on nature of property. If property is self acquired, then only class I heirs have rights. If property is a coparcenery or HUF property, then grandchildren will have share by birth.
There is no concept like ancestral property.
Re: grandsons share in the property
All depends on nature of property. If property is self acquired, then only class I heirs have rights. If property is a coparcenery or HUF property, then grandchildren will have share by birth.
There is no concept like ancestral property.
Re: grandsons share in the property
All depends on nature of property. If property is self acquired, then only class I heirs have rights. If property is a coparcenery or HUF property, then grandchildren will have share by birth.
There is no concept like ancestral property.
Re: grandsons share in the property
You dont have right in this matter.
Re: grandsons share in the property
No right in your matter.
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