Legal Question in Wills and Trusts in India
ancestral property vs self-acquired property
I would like to know what is ancestral property and self-acquired property. And some important rules in possessing ancestral property.
Asked on 3/04/09, 6:04 am
2 Answers from Attorneys
Aniruddha Pawse
Aniruddha.P.Pawse Advocates
Re: ancestral property vs self-acquired property
ancestral property is the property which you get from your ancestors eg your father, grand father etc whereas self acquired property is acquired by you from your income/gains. Ancestral property cannot be dispose of by will but self acquired can be.
Answered on 3/04/09, 7:34 am
Sudershan Goel
India Law Offices of Sudershan Goel - Advocate
Re: ancestral property vs self-acquired property
I agree with the opinion of my esteemed colleague Mr. Pawse.
Answered on 3/04/09, 9:23 am