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Huf

This query is : Resolved 
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(Querist)
16 March 2012 My grandfather was a co-karta/ joint karta in a HUF with my great grand father. now, with the death of his parents, will the HUF still exist?

also, can it merge with an existing HUF in his name?
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
14 May 2012 A HUF does not cease to exist with the death of the Karta. The eldest son of the Karta becomes the karta.

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