Joint Account Supplement to the Family of First Investors Funds Form

Instructions and help about Joint Account Supplement To The Family Of First Investors Funds

[Music] in our last video we introduced you to the concept of the hindu undivided family and why it exists we also listed the many benefits that come with an huf structure but today we explore the flip side some practical hurdles which may arise with the formation and dissolution of an huf let's take a look at some of these [Music] number one transfer of property one of the greatest disadvantages clothed as an advantage of the structure is that all members have a right to the properties and other assets of an huf such joint assets cannot be sold without the consent of all the members of the huf this means that every time one buys a property in the name of the huf it will belong to every member of the huf and not just to the person purchasing it this rule creates several issues where the family grows and expands into multiple branches which may also lead to disputes among members as a member owes his or her right to an huf by birth he or she cannot bequeath their share to anyone also a