Скачать или смотреть Succession Certificate Explained: What is the use of this certificate|| Where can you get this?

Succession certificate is a legal document, issued by a court, that establishes the legal heirs of a deceased person and their right to inherit the deceased's movable assets, like bank accounts, securities, and debts. It's particularly useful when a will is not present, helping to prevent disputes and streamline asset distribution

How to obtain a succession certificate?

In India, a succession certificate is issued by the courts to the legal heirs of a person who passes away without a will and has outstanding debts or securities that need to be transferred. This certificate grants the holder the authority to collect debts or transfer securities without having to identify the rightful heir.

It also offers protection to individuals or organisations owing such debts by validating payments made in good faith to the certificate holder. For this reason, many entities require a succession certificate before settling a deceased person's debts or transferring their securities.