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why is it important to know property self acquired or ancestral?
23-May-2023 (In Property Law)
Why is it important to determine whether a property that may form part of a inheritance is either self acquired or ancestral?
Identifying a property that may form part of an inheritance as either self acquired or ancestral is crucial as the law treats both types of properties very differently.
Identifying a property as either self acquired or ancestral will help you to plan how your estate would be inherited by your heirs. On the other hand, as a legal heir this would also allow you to identify your rightful share in the family estate.
Identifying a property as either self acquired or ancestral will help you to plan how your estate would be inherited by your heirs. On the other hand, as a legal heir this would also allow you to identify your rightful share in the family estate.
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Adv. Siddhant Sharma
Delhi | 200+ Answers
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