A succession certificate is issued by a civil court to the legal heirs of a deceased person. If a person dies without leaving a will, a succession certificate can be granted by the court to transfer the properties, fixed deposits, stocks, bonds and debentures of the deceased to their legal heirs. It establishes the authenticity of the legal heirs and gives them the authority to have securities and other assets transferred in their names as well as inherit debts. It is issued as per the applicable laws of inheritance on an application made by a beneficiary to a court of competent jurisdiction. A succession certificate is necessary to release the assets of the deceased. For these, a death certificate, letter of administration and no-objection certificates or all the legal heirs will be needed.
The court levies a fixed percentage of the value of the estate as fee for issuance of the certificate. The court fee has to be paid in the form of judicial stamp papers of the required amount, after which the certificate is typed, duly signed and delivered.
Passing away of a loved one is a heart wrenching event and if the deceased was the bread winner of the family, more so. By obtaining Succession Certificate, you are saved of many bureaucratic hassles by just handing them the same.
With our experience and knowledge in the field of obtaining Succession Certificates, we ensure a hassle free experience for our clients. Contact Us today.
Passing away of a loved one is a heart wrenching event and if the deceased was the bread winner of the family, more so. By obtaining Succession Certificate, you are saved of many bureaucratic hassles by just handing them the same.
With our experience and knowledge in the field of obtaining Succession Certificates, we ensure a hassle free experience for our clients. Contact Us today.
