Q:A father has inherited ancestral property. He is 80 years old staying with his wife and unmarried daughter in the said property. He has two more married daughters. He wants to divide his share and give appropriate share to each of the daughters. Does the division has to be 1/3 each or can he make 4 parts of the said property and keep 1 with him while giving 25% to each of his daughters. Can he make a will to give his 25% stake to the daughter who is taking care of him? What will his wife get after his death, if he is no more without property division?
Latest Answer: Hi Ananad,
It depends on the circumstance. If the property owner who is 80 year is making a WILL, it is his decision how much he should give to his wife & children. It would be wise if he decide in a will that, after his death, the property should move to his wife and she can decide whether to keep it or divide them among the children. If the property owner is dead and there is no will made, legally all inheritance has equal right on the property. Thus, the property will be either divided into four or if everyone agrees, they can sell the property and divide the amount.
Now as the property owner is alive, he can decide how much he should contributed to each his dependence.
You can contact legal expert to know more on the same. Thank you
