A Succession Certificate is a crucial legal document issued by a court in Delhi, granting heirs the authority to inherit and manage the deceased person's debts and securities.
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Application
Our lawyers will file an application with appropriate civil court
Succession process
It takes 6- 12 months for proceedings
Certificate Issuance
Intestate death
Required by creditors/Debtors
Release debts and securities
Represent in legal proceedings of deceased
Absense of
Nomination or will
disputed Nominations
Banks/Institutional requirements
High value
assets
Registration of
will & Probate are not same
Issued by Tehsildar
beneficiaries are parties involved in trust.
Income Tax not
applicable on transfer of assets to trust
Tax efficient
structure for inheritance planning
Stamp duty
applicable on transfer of assets to trust
Shares or
mutual funds
Bank account claim
Insurance claims
Fixed deposit claim
pension claims
Provident funds claim
Government benefits claim
Valid will is
crucial for probate process
Executor should
be of sound mind & above 18 years
SEBI Approval
required for share transfers of listed company
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Legal Heir Certificate | Succession Certificate |
|---|---|---|
| Inheritance of Property in India |
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| Accessing Bank Accounts |
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| Claiming Life Insurance Benefits |
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| Transferring Shares or Investments |
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| Inheriting Debts or Liabilities |
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| Property Sale or Transfer |
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| Succession Planning | ||
| Nomination or Will Execution |
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| Applying for Government Benefits |
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| Settling Legal Disputes |
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| Claiming Movable assers |
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| Can Distribute Assets Immediately? |
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| Guardianship | Can be desginated |
Can include provision for Minor care |
| Legal challenges | More susceptible |
Less suspectible |
| Court intervention ? |
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Legal Heir Certificate | Succession Certificate | Probate | Letter of Administration |
|---|---|---|---|---|
| Definition | Establishes relationship with deceased |
Grants authority to successors |
Validates and executes will |
Appoints administrators |
| Purpose | Applicable for more than only financial matters |
Relevant to financial matters only |
Execute will, transfer property |
Distribute assets |
| Usage | To access pensions, transfer assets |
Transfer properties, claim debts |
Execute will, transfer property |
Distribute assets |
| Applying Authority | Local government authority |
Court having jurisdiction |
Court having jurisdiction |
Court having jurisdiction |
| Documentation Required | Relationship proof, death certificate |
Death certificate, other documents |
Will, death certificate |
Death certificate, application |
| Validity | Indefinite |
Limited (typically 6 months - 1 year) |
Indefinite |
Limited (until administration) |
| Scope of Authority | Establish relationship with deceased |
Transfer or claim assets |
Execute will, distribute assets |
Distribute assets |
| Process | Apply to relevant authority |
Apply to court |
Apply to court |
Apply to court |
| Examples of Usage | Pension claims, property transfer |
Debt claims, property transfer |
Will execution, property transfer |
Asset distribution |
| Effective after grantor's death |
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| Bypasses probate |
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Depends on the terms |
| Offers asset protection | Limited |
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Limited |
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| Management of assets | Grantor retains control |
Trustee manages |
Trustee manages |
Depends on the terms |
| Can designate beneficiaries |
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| Offers privacy |
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Depends on the terms |
| Can hold specific assets |
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