Bollywood actor Saif Ali Khan is one of the richest actors in India, with a net worth of over ₹5,000 crore (US$670 million). However, he cannot put his property in the names of his children, Taimur and Jeh.
This is because of the Hindu Succession Act, which only allows property to be passed down to children in the male line. Saif’s children are both girls, so they would not be eligible to inherit his property under the law.
There have been calls to reform the Hindu Succession Act to allow women to inherit property equally with men. However, so far, the government has not taken any steps to do so.
This means that Saif’s children will have to rely on their father’s goodwill to provide for them financially. If Saif were to die without a will, his property would be inherited by his male relatives.
This situation is unfair to Saif’s daughters, and it highlights the need for reform of the Hindu Succession Act.
Why can’t Saif Ali Khan put his property in the names of his children?
There are two reasons why Saif Ali Khan cannot put his property in the names of his children, Taimur and Jeh.
- The first reason is that the Hindu Succession Act, which governs property inheritance in India, only allows property to be passed down to children in the male line. Saif’s children are both girls, so they would not be eligible to inherit his property under the law.
- The second reason is that Saif Ali Khan is a Muslim, and the Muslim Personal Law (Shariat) Application Act, which governs property inheritance for Muslims in India, also only allows property to be passed down to children in the male line.
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What can be done to change this situation?
There have been calls to reform the Hindu Succession Act and the Muslim Personal Law (Shariat) Application Act to allow women to inherit property equally with men. However, so far, the government has not taken any steps to do so.
In the meantime, Saif Ali Khan can take steps to protect his children’s financial future by creating a will. In his will, he can specify that his property should be inherited by his daughters. He can also set up a trust for his daughters, which would allow them to manage and control their property even if they are minors.