Succession Certificate
A crucial document issued by the Courts to legal heirs of persons who have died intestate (without a will).
Description
Benefits of A Succession Certificate
In the absence of nomination or will, the heir to a piece of property or financial assets is required to prove his/her claims to them. In such cases, depending on the asset, an heir might be asked to produce either a Succession Certificate or a letter of administration.
For a movable property like the provident fund, bank deposits, shares, loans, or other securities, a Succession Certificate is required.
For an immovable property like land or jewelry, one has to produce a letter of administration in support of his or her claim.
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