Accounts of a deceased persron
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 March 2016
My clients are two brothers and they earned a house property, cash, bank accounts and equity shares belonging to deceased father. Their mother is still alive. No will has been made. No proceedings of inheritance of property were done. How these properties shall be divided among the heirs and what will be accounts procedure to transfer these properties. Please clarify the accounting entries of the deceased father and surviving sons and mother.
28 March 2016
Intestate Succession. : The person has passed away without making a will. The property shall be divided as per Indian Succession Act.
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