Christian succession act

Querist : Anonymous (Querist) 30 January 2012 This query is : Resolved
I have one brother and one sister (all three of us are married). My parents had purchased a property using their savings which is registered in the name of my father and mother. My parents are still alive and they are selling this property. I have the following questions in this regard:

1. can my father use the money that comes from the selling of the property according to his own will and distribute it to his children and or wife as per his wishes ? Or it has to be divided in any particular proportion ? Can he decide not to give any share at all to my sister ?

2. suppose he deposites the money in bank accounts, does it come under the purview of indian succession act ? Can my father write a "will" and decide to distribute it in any proportions that he decides appropriate among his children and wife?

3. Does my sister have any right in the proceeds of the sale ?

Follow Query

Report Abuse

Raj Kumar Makkad (Expert) 30 January 2012
1. It is his free will to decide the use of sale proceeds and no children can claim thereon.

2. Yes. he can do so as per his own whims and wishes.

3. No.

prabhakar singh (Expert) 01 February 2012
answer to 1 &2 is affirmative and to that of 3 is negative.

V R SHROFF (Expert) 01 February 2012
Self acquired property can be disposed off as he wish.
so Ans of 1 &2 are Yes. , and that of No. 3 is NO.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries