Partnership and inheritance queries

[Upasananinja152]

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Upasananinja152
PARTICIPANT
March 30, 2025 at 3:55 am

Hello, just wanted clarity about a situation. If in a family of 4..the father and the elder son are partners in a business in ratio of 70 (father) : 30 (Son)..incase of death of the father..will the eldest son get 1/3 of the 70 percent share of the business in addition to the 30 percent he already holds?.. basically how will the distribution take place in case of absence of a will?..your thoughts and advice will be highly appreciated 🙏

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[Ashishmaster940]

A

Ashishmaster940
PARTICIPANT
March 30, 2025 at 6:21 am

Lawyer here.

Partnership must have a clause of succession. If not then the as per laws of religion

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[Upasananinja152]

U

Upasananinja152
OP
March 30, 2025 at 9:33 am

Its not that descriptive.It just mentions in case of death the share of the respective partner will go to their legal heir…but what confuses me is the eldest son is a partner and legal heir at the same time..so will he also get a part of the 70 in addition to his 30?…thanks for the reply

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[Shashankshark981]

S

Shashankshark981
PARTICIPANT
March 30, 2025 at 1:55 pm

A question – when you say partner , what is the constitution of the business ? Register as an actual partnership ,llp or a pvt ltd ?

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