A succession certificate is required only for movable property, not immovable property. Here’s a detailed explanation: 1. Purpose of a Succession Certificate: A succession certificate is issued by a civil court under the Indian Succession Act, 1925, to establish the right of the legal heirs to inherit debts and securities of a deceased person. These include: Bank accounts Fixed deposits Insurance claims Provident fund dues Shares, bonds, and other investments The certificate grants the holder authority to collect the debts and securities on behalf of the deceased and to distribute them among rightful heirs. 2. Movable Property Only: The succession certificate applies to movable assets only. It is not used to claim or transfer immovable properties like: Land House Flats Agricultural fields 3. For Immovable Property: To inherit immovable property, heirs may rely on: Legal heir certificate (issued by revenue authorities) Registered will, if available Mutation of records in municipal or land revenue records Partition deed, if property is to be divided If there is a dispute over immovable property, the matter must be resolved through civil court proceedings, not by a succession certificate. Conclusion: A succession certificate is required for movable properties like bank deposits, insurance, and securities, especially where the deceased has not left a will. It is not required or applicable for immovable property, which is dealt with through other legal procedures or documents.
Answer By Ayantika MondalDear Client, A succession certificate is mostly needed for movable assets like: Bank accounts Fixed deposits Shares and bonds Provident fund dues Insurance claims (in some cases) This certificate is issued by a civil court under the Indian Succession Act, 1925, and, in essence, confers on the legal heir the authority to collect debts and securities owed to the deceased. In the case of immovable property, such as land, houses, or flats, no succession certificate is prepared. For conveyance and transfer of such properties, the legal heir needs to obtain a legal heir certificate or letter of administration or probate, where a valid will exists. Summing it up, a succession certificate is a necessity as far as the assignation of movable assets is concerned, while separate legal documents have to be executed in conveyance of immovable property. I hope this answer helps. In case of future queries please feel free to contact us. Thank you.
Answer By AnikDear Client, A succession certificate is mostly needed for movable assets like: Bank accounts Fixed deposits Shares and bonds Provident fund dues Insurance claims (in some cases) This certificate is issued by a civil court under the Indian Succession Act, 1925, and, in essence, confers on the legal heir the authority to collect debts and securities owed to the deceased. In the case of immovable property, such as land, houses, or flats, no succession certificate is prepared. For conveyance and transfer of such properties, the legal heir needs to obtain a legal heir certificate or letter of administration or probate, where a valid will exists. Summing it up, a succession certificate is a necessity as far as the assignation of movable assets is concerned, while separate legal documents have to be executed in conveyance of immovable property. I hope this answer helps. In case of future queries please feel free to contact us. Thank you.
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