My father worked at KPCL and sadly passed away due to illness just a year before his retirement in December 2010. We received a settlement of 22 lakhs after his passing. We are a family of three – my mother, my older brother (who took up my father’s government job), and myself. I work in the private sector. My mother receives a yearly pension of 3 lakhs and will be living with my brother. How should we fairly divide the settlement amount among us?
Best Answer
Based on Indian law, the settlement amount should be divided equally among you, your mother, and your brother. This is because the settlement is considered joint family property and each family member is entitled to an equal share. However, it’s recommended to consult a legal professional for personalized advice considering your specific circumstances.
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