Finance
EnglishDelhi High Court: Ancestral Property Can Be Attached Under PMLA
The Delhi High Court just dropped a bombshell: ancestral property can be snagged under the PMLA if it’s worth the same as dirty money! Innocent co-owners can defend their shares, but they better prove their cash is clean. Estate planning just got a makeover because joint ownership could put family fortunes at risk!
few days ago | Amit Kumar
Quick rundown
1.Ancestral property isn't automatically protected under money laundering laws.
2.Equivalent value of crime proceeds can lead to property attachment.
3.Delhi High Court ruling impacts estate planning and joint ownership.
4.Co-owners must prove legitimate acquisition to avoid property attachment.
5.Estate planning may need defensive structuring due to potential exposure.
