Understanding Ownership and Succession of HUF Assets
A Hindu Undivided Family (HUF) and the assets it may own are two separate concepts. An HUF comes into existence automatically when there are two or more coparceners (family members entitled to inherit), but it’s not necessary for the HUF to own any property or assets. In essence, joint family status under Hindu law arises […]
Understanding Ownership and Succession of HUF Assets Read More »