Indian succession act - about will and gift
SANJAY JOSHI
(Querist) 07 June 2015
This query is : Resolved
Dear Experts,
i wish to know about a real life doubt which i have come across in relation to property to be handed over to me by my father:
Q1 - when the immovable property is bequeathed to me in the WILL by my father, what would be the status of the property as far as i am concerned..Will such property which i will get be called as Ancestral property or the property i have acquired during my life time?
Q2 - Whether i will have right to bequeath it to my successors or my brother or sister as per my wish or It will get devolved to
my only son as per the Act as my successor?
Q3 - If the same property instead of bequeathing on me through the WILL, is transferred to me by way of GIFT as per the Act, then after getting it, will it be called as property gained by me or still it will be called as an ancestral property. Whether i have right to give such property to any other person of my choice in addition to my own son or not?
thanking you
Kundan Kr. Singh
(Expert) 07 June 2015
This is your self acquired property.
you can dispose own his will.
Kumar Doab
(Expert) 07 June 2015
The status of property that comes to you thru valid WILL/GIFT should change to self acquired and thus you should be able to give it away to anyone during your lifetime as it pleases to you including by WILL.
Rajendra K Goyal
(Expert) 08 June 2015
1. Self acquired property.
2. You can bequeath this property.
3. Would be considered self acquired property.
R.K Nanda
(Expert) 08 June 2015
consult lawyer personally for ur complicated queries or go for click to talk option of LCI.
