Inheritance after grandfather's demise
2 years ago
If my grandfather and father started a business with equal partnership, after grandfather's demise, is my dad's brother eligible for 50% of the entire business or 50% of my grandfather's part in business?
A.Dear client,
When a person dies, their shares are equally divided amongst the family members unless mentioned otherwise in a will. Here, the grandfather's share (50%) will then be divided equally amongst both your father and your uncle. So, your father will have 75% of the total business and your uncle will have 25%.
Thank you.
When a person dies, their shares are equally divided amongst the family members unless mentioned otherwise in a will. Here, the grandfather's share (50%) will then be divided equally amongst both your father and your uncle. So, your father will have 75% of the total business and your uncle will have 25%.
Thank you.
Helpful
Helpful
Share
A.Dear Client
Based on your information provided your uncle will be eligible for 50% of the what your grandfather owned and not 50% of the total business. That means your father will be owning his 50% plus the 25% of his father along with your uncle.
Based on your information provided your uncle will be eligible for 50% of the what your grandfather owned and not 50% of the total business. That means your father will be owning his 50% plus the 25% of his father along with your uncle.
Helpful
Helpful
Share
Read Related Answers
Seeking Anullment of marriage
Dear madam,
You cannot file second divorce petition but such additional ground for declaring your marriage as null and void. You may amend your earlier petition and add additional ground.
Mental Abuse and Harassment by Mother in law
Dear Client,
Such kind of inhuman ill-treatment and emotional harassment by a mother-in-law towards her daughter-in-law deserves stringent action and strong protest by filing a complaint under Sec.12...
Marriage and police related problem
Dear Client,
The Police do not have any authority to interfere or relinquish the marriage of two consenting individuals who have attained majority. In case of false allegations and misuse of power by...
Staying at husband house after court ordered monthly maintenance
Dear Client,
In November 2020, the Supreme Court of India ruled that deserted wives and their children are entitled to alimony/maintenance from their husbands from the date they apply for it in court....
Husband and wife problem
Dear Client,
In case of marital issues, you can approach a family counselor to resolve the matter and seek appropriate assistance.
Hope it helps.
Thank you.
Read Blogs on Family
Family Lawyers
Find Lawyers by Location
