Estate planning · Succession
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A Succession Certificate is issued by a civil court to authorise legal heirs to collect debts, securities, and assets of a deceased person without a Will. Required by banks and financial institutions when there is no nominee and no probated Will. Takes 3-6 months for uncontested cases. Court fees: percentage of asset value (varies by state, typically 2-3%).
Indian Succession Act 1925, Sec 370
A Succession Certificate is issued by a civil court to authorise legal heirs to collect debts, securities, and assets of a deceased person without a Will. Required by banks and financial institutions when there is no nominee and no probated Will. Takes 3-6 months for uncontested cases. Court fees: percentage of asset value (varies by state, typically 2-3%).
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