Balaji 03 October 2017
Sirs,My mother died in 2012 and she left a will in my name for a property.I have a sister for whom she made a separate settlement.I got a release deed from my sister and my dad and registered it in my name.I would like to know the property i have acquired is it inherited or self acquired staus?Thanks
Siddharth Srivastava (Advocate) 03 October 2017
It is inherited property which have drawn from yopur mother.
As per your mother's property, as she had categorically willed it to you, it is yours now. No doubts on that.
As regards legal status of inherited property, if, in the release deed it is categorically mentioned that your sister has forfeited all her undivided rights in the property, then that property would become your self-acquired property, as she has relinquished all her rights, titles and interests in your favour.
Consult a lawyer for clearing any further confusions.
manoj 03 October 2017
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Kumar Doab (FIN) 03 October 2017
The property that is acquired by purchase from own resources, WILL, release/relinquishment/settlement/decree of court/partition …. is of nature self acquired.
What is the opinion of your own LOCAL lawyer that has seen all docs on record
Krishna. Advocate (Advocate) 03 October 2017
It is your self acquired property. It is not ancestral property
Amritesh Mishra (Advocate) 06 June 2020
In my opinion it is not inherited property as Hindu Succession act applies when a hindu dies inestate.
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