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Vikalp sharma (business)     30 June 2016

Property distriburttion in brothers

Hello sir ..
               my grandfather died in 1998..that time we have only property of networth 1crore..
but now we have approximate property of networth 70 crore....as per market rate...
 ...my father have 3 brother means property will be distribute in 4 part...means one person will get 1/4 of property...now my question is  which property will be divided in 4 parts 1crore or 70 crore? 
All brothers have their own buisness but still they did not divided property and buisness..
plz telll me rule...which property will be distribute my grand father's or whole property which is earned by all the member of family



Learning

 1 Replies

Kumar Doab (FIN)     30 June 2016

The deceased father's property & estate shall be inherited by sons in equal proportions.

Settle amicably.

Register family agreement deed to rule out any future litigation.

 


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