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In some cases, there may not be any ancestral property. There might not have been any cases of partition of the HUF property and thus the status of a Hindu regarding his property is that of individual only.
If he is interested in owning property in the status of HUF, he may get the gift of the property of any amount from his father or mother, or any relative or friend, specifically for his own HUF consisting of himself, his wife and children...
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In that case the amount so gifted by the father, etc. will form part of the HUF property.
If some loans are taken by that HUF and an immovable property or a movable property is purchased by the HUF, the property so purchased will be known as HUF property. In some cases, the father, etc. may also pass on his individual property to the children as HUF property through a specific declaration in a will...
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General points of the essay
Property
Property Tax
Securitisation In Property
Property Rights
Recreational Property Negligence
Intellectual Property Law
Locke on Property
The Theory Of Property
Hindu Undivided Family
Property Law
What is property
Intellectual Property
Intellectuel property
Napster and Intellectual Property
Overview of Intellectual Property
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