Decoding Inheritance: The Crucial Differences Between Succession and Legal Heir Certificates

Recent insights reveal critical distinctions between Succession Certificates and Legal Heir Certificates, essential documents in estate management. A Succession Certificate is issued by a district court and allows heirs to claim debts and securities of a deceased person, particularly when no will exists. This certificate is crucial for transferring ownership of movable properties, including bank accounts and investments.

In contrast, a Legal Heir Certificate is typically issued by local authorities, such as municipal corporations, to identify all legal heirs of the deceased. This certificate is vital for claiming benefits like pensions or transferring immovable properties. The application process for a Legal Heir Certificate generally takes about 15 to 20 days, while obtaining a Succession Certificate can take a minimum of 45 days due to court proceedings.

Understanding these differences is essential for legal heirs to navigate inheritance claims effectively and avoid potential disputes over assets.

 

Source: The Economic Times