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

Mr. Sharma, a Hindu male, dies intestate leaving a widow, one son and one daughter, and no other Class I heirs. Under the Hindu Succession Act, 1956, how is his self-acquired property of Rs 90 lakh divided among them?

Each of the three Class I heirs receives Rs 30 lakh. Under the Hindu Succession Act, the widow, son and daughter inherit equally and together from a Hindu male dying intestate, so Rs 90 lakh is divided into three equal shares.

  1. AWidow Rs 45 lakh, son Rs 45 lakh, daughter nil
  2. BWidow Rs 30 lakh, son Rs 30 lakh, daughter Rs 30 lakhCorrect
  3. CWidow Rs 90 lakh, others nil
  4. DSon Rs 90 lakh, others nil

Explanation

Widow, son and daughter are all Class I heirs and take equal shares simultaneously. Rs 90 lakh divided by 3 gives Rs 30 lakh each. Excluding the daughter, or giving everything to the widow or son, is wrong because Class I heirs share equally.

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