Law of heritage apply on a rented shop?

DWQA QuestionsCategory: inheritanceLaw of heritage apply on a rented shop?
admin Staff asked 5 months ago

I want to know whether the law of heritage apply on a rented shop? that is if my father rented a shop after he retired i am renting it, do I have to give heritage/share of the profit gain from the rented from the shop to my brothers and sisters?

1 Answers
admin Staff answered 5 months ago

If your father ran the business for some time, then it is an inheritance ought to be given to all inheritors. In fact then each inheritor has their particular shares in that shop. If only you is working in the shop, then you should take a salary agreed by your shareholders, then distribute the profit amongst the inheritors. You may propose to buy the shares of the inheritors. Note that the sister will have half the share of the brother. The mother will inherit, if alive, one eighth.