Daughters right after marriage
3 months ago
Apart from ancestral property, does the daughter has rights on the money in bank account and ppfs and FDs after marriage?
A.Dear Client,
If the father passes away without a will, the daughter has the same rights as the son in both ancestral and self-acquired property. The marital status of the daughter is immaterial, and a married daughter has the same rights as an unmarried one. However, if the father is alive and has transferred his self-acquired property to the sons or grandsons, then the daughters have no right to claim it. If the father died and the property has been transferred through a will, then the daughter may challenge that will in court on valid grounds if any. The Supreme Court held that a woman/daughter shall also be considered as a joint legal heir as a son and can inherit ancestral property equally as a male heir, irrespective that the father was not alive before the Hindu Succession (Amendment) Act, 2005, came into effect. Nomination is only a clause that allows the nominee to claim assets as ‘custodian’ on the deposit owner's death. The nominee doesn’t get ownership of the assets. They are just trustees/ custodians. The legal heir is entitled to the fixed deposit corpus including other investments in case of the depositor’s death. The nominee is the trustee of the funds and is legally bound to transfer the amount to the legal heirs. In case of no will, the succession laws decide the legal heirs.
If the father passes away without a will, the daughter has the same rights as the son in both ancestral and self-acquired property. The marital status of the daughter is immaterial, and a married daughter has the same rights as an unmarried one. However, if the father is alive and has transferred his self-acquired property to the sons or grandsons, then the daughters have no right to claim it. If the father died and the property has been transferred through a will, then the daughter may challenge that will in court on valid grounds if any. The Supreme Court held that a woman/daughter shall also be considered as a joint legal heir as a son and can inherit ancestral property equally as a male heir, irrespective that the father was not alive before the Hindu Succession (Amendment) Act, 2005, came into effect. Nomination is only a clause that allows the nominee to claim assets as ‘custodian’ on the deposit owner's death. The nominee doesn’t get ownership of the assets. They are just trustees/ custodians. The legal heir is entitled to the fixed deposit corpus including other investments in case of the depositor’s death. The nominee is the trustee of the funds and is legally bound to transfer the amount to the legal heirs. In case of no will, the succession laws decide the legal heirs.
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A.Dear Sir,
During the lifetime of father the daughter has no right over the self acquired property of father and also have no rights over balance amount in the bank account etc.
During the lifetime of father the daughter has no right over the self acquired property of father and also have no rights over balance amount in the bank account etc.
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A.Dear Client,
The Hindu Succession Act, 1956, was amended in 2005 to give daughters an equal share in parental property. In case of ancestral property, a daughter now has a share in it by virtue of birth, while self-acquired property is distributed as per the provisions of the will. If the father passes away without a will, she has the same rights as the son in both ancestral and self-acquired property.The rights of a daughter on money in bank accounts, PPFs (Public Provident Funds), and FDs (Fixed Deposits) after marriage depend on various factors, including the applicable laws in the specific jurisdiction. In many cases, once a daughter is married, her rights to her parental assets might be influenced by personal, cultural, and legal considerations. While ancestral property rights are often protected, financial assets in bank accounts, PPFs, and FDs may be subject to individual family arrangements or legal provisions. It is advisable to consult with a legal professional who can provide guidance based on the prevailing laws in your jurisdiction, as well as the specific terms of any agreements or legal instruments governing these assets. Open communication within the family can also be helpful in understanding and addressing any concerns or expectations related to financial matters.
Thankyou
The Hindu Succession Act, 1956, was amended in 2005 to give daughters an equal share in parental property. In case of ancestral property, a daughter now has a share in it by virtue of birth, while self-acquired property is distributed as per the provisions of the will. If the father passes away without a will, she has the same rights as the son in both ancestral and self-acquired property.The rights of a daughter on money in bank accounts, PPFs (Public Provident Funds), and FDs (Fixed Deposits) after marriage depend on various factors, including the applicable laws in the specific jurisdiction. In many cases, once a daughter is married, her rights to her parental assets might be influenced by personal, cultural, and legal considerations. While ancestral property rights are often protected, financial assets in bank accounts, PPFs, and FDs may be subject to individual family arrangements or legal provisions. It is advisable to consult with a legal professional who can provide guidance based on the prevailing laws in your jurisdiction, as well as the specific terms of any agreements or legal instruments governing these assets. Open communication within the family can also be helpful in understanding and addressing any concerns or expectations related to financial matters.
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