What is a Succession Certificate?
A succession certificate is a legal paper given by the court to help transfer belongings like money, jewelry, or stocks left behind by someone who passed away. Any person can ask for this certificate under a law called Section 372 of the Indian Succession Act.
This document mainly checks if the things the deceased person left behind are legal and who they belong to now. It gives legal control over these things and proves who the new owner is. If you need help with this, the best succession certificate lawyer in Delhi can guide you through the process smoothly.
Step-by-Step Guide to Obtaining a Succession Certificate in Delhi
Step 1: Submitting a petition: To get a succession certificate in Delhi, you first need to submit a request. This request, made under section 372 of the Indian Succession Act, includes details about when and where the person passed away, who their family members are, and where they lived.
Step 2: Publication of Notice in Newspaper: After you’ve filed your petition, the court takes a look at it. If everything checks out, they inform all the rightful heirs and put notices in newspapers. If there are any other heirs who weren’t mentioned, they have 45 days from the newspaper notice to speak up if they have any objections.
Step 3: Submission of the Court Fees: When you apply for a succession certificate, the court needs to know the total value of the property or assets left behind. The heirs, which are the people entitled to inherit the property, are responsible for paying the court fees. These fees usually amount to 2 to 3 per cent of the total value of the property or assets.
Step 4: Getting the Succession Certificate: If the court doesn’t address any arguments or claims related to the petition within the set timeframe, the Succession Certificate in Delhi will be approved.
Benefits of having a Succession Certificate
- Claiming Rights: A Succession Certificate in Delhi proves that you’re the rightful heir to someone’s property after they pass away. It gives you the legal power to defend your rights in case of any disputes.
- Easy asset transfer: With this certificate, it becomes easier to transfer assets like bank accounts, stocks, and shares left by the deceased person. It streamlines the process, saving time and effort.
- Protection against Disputes: It acts as a shield against any false claims or disagreements regarding the deceased’s belongings. You can use it as evidence to prove your rightful ownership.
- Accepted everywhere: Banks, financial institutions, and government bodies in Delhi recognize the Succession Certificate as valid proof of inheritance. It’s universally accepted, making transactions smoother.
- Faster Resolutions: Having this certificate helps in resolving legal matters faster in Delhi’s courts. It speeds up the process, ensuring a quicker and more efficient resolution of any issues that may arise.
So, getting a Succession Certificate in Delhi isn’t just a legal formality; it’s a valuable document that safeguards your rights and ensures a smoother transition of assets after someone’s demise.
Don’t let the complexities of obtaining a succession certificate overwhelm you. Let our experienced team handle your case with care and expertise. Contact us at +91 8920599818 or whatsapp today to schedule a consultation and take the first step towards securing your legacy.