Probate is the legal process through which a deceased person’s will is validated by a court. It involves proving in court that the deceased person’s will is valid, determining the assets and liabilities of the estate, and distributing the deceased person’s assets according to their will or, if there is no will, according to the […]
Tag: #EstatePlanning
What is will ?
A will, also known as a last will and testament, is a legal document that allows an individual, known as the testator or testatrix, to specify how they want their assets and properties to be distributed after their death. It is a fundamental component of estate planning and serves several key purposes: Overall, a will […]
WHAT IS LETTER OF ADMINISTRATION AND HOW TO APPLY FOR IT ?
A letter of administration is a document that appoints a personal representative to manage the affairs of a deceased person. It includes instructions on collecting and paying debts, managing property, and contacting creditors. When a person dies without a will, their property is distributed according to intestacy laws. The appointed executor or administrator ensures that […]
WHAT IS SUCCESSION CERTIFICATE ?
A succession certificate is a legal document issued by a competent court in India, which certifies the rightful heirs of a deceased person who died intestate (without leaving a will). The primary purpose of the succession certificate is to facilitate the collection of debts and securities owed to the deceased. Certificate Under the Indian Succession […]