Succession Certificate and the procedure to acquire it
One of the major issues at the time of death of an individual is regarding his/her successor of property. This pertains to who will take care of the property, who will pay off his debts, who will accept money due to him etc. If a person makes a Will , the property gets distributed as per the tenor of the Will. The executor of the Will takes care of the responsibilities and liabilities of the deceased. If a person dies intestate, the family members have to obtain a succession certificate. This certificate is not issued if there is a Will, but some states require both probated Will and a succession certificate . Succession Certificate and its need: The primary purpose of this certificate is to facilitate the collection of debts and to provide protection to the parties paying the debts. It is not granted for immovable property . It verifies the authenticity of a legal heir. This certificate is mainly granted for taking care of debts and securities of the dece