Liabiliy of successors in case of death

@Querist,

You are liable to pay your father's debt only to the extent you recieved the property in inheritance from your father i.e. from the estate of your father you recieved and not liable to the pay the debt from your own earned property.

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Thanks,

Regards,

Thanks for your reply. Please advise if the amount my father has spent on my Upbringing, Eductaion etc is counted as "Inheritance"  while deciding on the liability in these debt cases .

With regards

Pratul Pandey 

Originally posted by : PRATUL PANDEY
	Thanks for your reply. Please advise if the amount my father has spent on my Upbringing, Eductaion etc is counted as "Inheritance"  while deciding on the liability in these debt cases . With regards Pratul Pandey

No,Not at all. Your upbringing,education,and such other Qualitative things, which come under fundamental rights guaranteed to every citizen by the state itself,don't count in inheritance.

Note-This reply should be taken as per the declaration given in my profile page.

Thanks,

Regards,

Has the Hindu Succession Act 2005 relaxed  the liability of succesors for a debt, in case the debt was executed before 2005 .

@Querist,

It's called limited liability unless you are a guarantor in such a debt taken by your father. It's not about HSA 2005 or HSA 1956 that matters.

Note-This reply should be taken as per the declaration given in my profile page.

Thanks,

Regards,

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