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NISM Certifications · NISM-Series-X-B: Investment Adviser (Level 2) · Basics of Estate Planning

Mr. Raghunath Iyer, a Hindu, dies intestate leaving a widow, a son and a daughter, all Class I heirs under the Hindu Succession Act, 1956. His self-acquired property is Rs 90 lakh. Assuming no other heirs, how much does each Class I heir receive?

Each of the three Class I heirs receives Rs 30 lakh. Under the Hindu Succession Act, Class I heirs such as the widow, son and daughter inherit a Hindu male's self-acquired property simultaneously and in equal shares, with no preference for the son.

  1. ARs 30 lakh each, as Class I heirs share equallyCorrect
  2. BRs 45 lakh to the son, Rs 22.5 lakh each to widow and daughter
  3. CRs 90 lakh to the son alone
  4. DRs 45 lakh to the widow and Rs 22.5 lakh each to the son and daughter

Explanation

Class I heirs take simultaneously and in equal shares. Rs 90 lakh divided among 3 heirs gives Rs 30 lakh each. The son does not get a larger share, and the widow does not get a preferential share.

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