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Sanjeev

Sanjeev Govila  |458 Answers  |Ask -

Financial Planner - Answered on Feb 07, 2024

Colonel Sanjeev Govila (retd) is the founder of Hum Fauji Initiatives, a financial planning company dedicated to the armed forces personnel and their families.
He has over 12 years of experience in financial planning and is a SEBI certified registered investment advisor; he is also accredited with AMFI and IRDA.... more
Asked by Anonymous - Dec 23, 2023Hindi
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I have inherited a house from my father after his death. As I have 2 adult children, can I will or Gift it to any 1 child or being an inherited property, I have to give 50% to each child?

Ans: An undivided property that has been passed down from father to son for at least four generations is referred to as an ancestral property in India. In case of ancestral property, you do not have a right to deny any one or more of your legal heirs of their share. In your case, as written by you, it is only an inherited property passed down to you from your father. You thus have the absolute right to Will or gift it the way you wish to.
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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