Legal Question in Wills and Trusts in India
View on Ancestral Business Inheritance
My father passed away recently.
He willed all his self acquired properties to my brother.
However, the properties, which he acquired, were all paid for with the earnings of a company started by his great grandfather which my father and his brothers joined when they grew up.
Is the property acquired by them, really self acquired or are they considered ancestral?
3 Answers from Attorneys
Re: View on Ancestral Business Inheritance
If you have proff of accounts showing it was established from your grandfathers companies then it will not be self earned and we can get it back to you.
You may contact us
we can help out you in this case.
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Re: View on Ancestral Business Inheritance
These properties may be considered ancestral if source of investment is traced to earnings from ancestral property. You may consider filing a civil suit in the local court for appropriate declration/relief.
Re: View on Ancestral Business Inheritance
normally the property coming continuously from the four generation is considered ancestral and co-parcenerny.
in your case the four generation chain is not complete. however i suggest you to u must file a case in the civil; court
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