Transmission of HUF FD

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42 Points Posted on 15 November 2021

I am sr citizen have huf bank account and fd in bank. I am karta by deed. How same will be transferred to whom ? ( 2 sons, elder nri younger res indian ) any suggestion for smooth transfer ? Can wife be karta ?

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On 15 November 2021 at 19:33 Report
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This discussion clarifies the process of transferring HUF bank accounts and Fixed Deposits (FDs) after the Karta's demise. It explains that the HUF continues, with the eldest son typically becoming the new Karta. The thread also confirms that a wife can indeed be appointed as Karta and offers advice for a smooth transfer of assets to beneficiaries, including NRI and resident Indian sons.

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Chartered Accountant
24588 Points Posted on 15 November 2021
Transfer to sons
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On 15 November 2021 at 19:50
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42 Points Posted on 15 November 2021

Question is after death of karta  is transfer automatically ? or what is procedure ... 🤔

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On 15 November 2021 at 21:17
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ca
603 Points Posted on 15 November 2021
No even after death of karta, HUF will continue with eldest son being karta. Yes wife can also be Karta
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On 15 November 2021 at 23:45

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