Property is defined as something that is ___ and has rights associated with ___ over tangible and intangible assets.

Owned; interests

True or False: Self-Acquired Property is defined as property that is obtained through family funds.

False; Self-Acquired Property is obtained through personal efforts, not family funds.

What are inheritable rights, and how do they differ from un-inheritable rights?

Inheritable rights are rights that remain valid after the owner's death and can be passed on to legal representatives, while un-inheritable rights are personal rights that cease to exist after the owner's death.

Succession is the process of ___ rights to property following the death of the owner.

Transferring

Succession refers to the process of ___ after someone has passed away.

Inheriting property

True or False: Testamentary succession occurs when a person dies without a will.

False. Testamentary succession occurs when a person leaves a will specifying how their property should be distributed.

The Indian Succession Act of 1925 governs which type of succession?

Testamentary succession

Intestate succession arises when a person dies ___, leading to the distribution of their estate according to law.

Without leaving a will

The Hindu Succession (Amendment) Act of 2005 ensures that ___ have equal inheritance rights as sons.

Daughters

True or False: In Muslim law, an heir's rights to inheritance are delayed until the ancestor's property is legally settled.

False; an heir's rights materialize immediately upon the death of the ancestor.

Intestate succession for Christians and Parsis is regulated by the ___ of 1925.

Indian Succession Act

Heirs are categorized into ___, ___, and ___.

Ascendants, Descendants, and Collaterals

True or False: The rules of intestate succession for Hindus differ based on gender.

True. The rules of intestate succession for Hindus are different for males and females, with distinct categories of heirs.

The Indian Succession Act, 1925, applies to which religious communities?

The Indian Succession Act, 1925, applies to Christians and Parsis but not to Hindus and Muslims.

In the context of intestate succession for Hindu females, the husband is classified in which category of heirs?

The husband is classified in the highest priority category of heirs for Hindu females.