Hi Experts, Need your help. Recently three years back my father expired with out Will and I acquired one of his property (self earned and not Heir) through partition deed. Now I want to sell the same.
1)Will this be considered as HUF or individual?
2) If HUF then do I need to get approval from court as I have two daughters who are still minors.
Joint family may be created or its property augmented by individual property thrown into common hotchpot. Any gift or a Will may also create or augment the property of joint family, if the donor or testator, as the case may be, expresses clearly that the donee/ beneficiary will not have absolute right over the property but will receive the same as joint family property as the karta of such joint family.