Tag Archives: #AssetDistribution

Valuation of assets for Estate tax Purposes?

Estate tax valuation

Estate Tax Valuation Valuation of assets for estate tax purposes is an important step in determining the estate tax liability when an individual passes away. The value of assets included in the decedent’s estate is used to calculate the estate tax owed to the government.   Here are some key points regarding the valuation of… Read More »

Can HUF give gift to its members?

Gift

Can HUF give gift to its members Yes, a Hindu Undivided Family (HUF) can give gift to its members. As per the Hindu law, an HUF can make  of its ancestral or self-acquired property to its members. The are typically given by the karta (head) of the HUF on behalf of the family. However, it’s… Read More »