Updated on May 06, 2025 02:36:56 PM
Transferring the financial assets of a person who dies in Daman & Diu without a will can be a difficult and stressful affair. In such a situation a Succession Certificate in Daman & Diu is necessary. This legal document is issued by the court that gives the rightful heirs the authority to manage or inherit the deceased’s assets without dispute and the rights of all are protected.
In this article, we will provide a complete guide on how you can get yourself a Succession Certificate in Daman & Diu, along with details of the eligibility requirements and the documents required. To make the process seamless and stress free, let the experts at Professional Utilities help you all the way.
A Succession Certificate is a legal document that confers the right to the legal heirs to represent the estate of the deceased. It is a legal requirement in Daman & Diu for accessing and dealing in bank accounts, securities, and investments of the deceased person. This sort of certificate comes in useful if the property of the deceased person has to be either transferred or dealt with under cases of inheritance. In such cases, this document makes sure that no bank or any other institution will have any inhibition in transferring the assets due to fear of any litigation.
The succession certificate is crucial to manage a deceased person's estate, and ensuring a smooth transfer of assets to legal inheritors. It makes inheritance procedures easier and offers a variety of benefits for the rightful beneficiaries..Here are five advantages of this document which make it a must-have document for legal heirs.
To apply for a Succession Certificate, follow these steps
To apply for a Succession Certificate in Daman & Diu, you need to provide:
You need to understand the cost of getting a Succession Certificate to plan effectively.Cost of Obtaining the Certificate:
It is important to know how much time it takes to get a Succession Certificate.
Note: Professional fee for Succession Certificate in India starts from ₹25,000. The aforementioned fees are exclusive of GST
A Succession Certificate Petition Format should be prepared with care in accordance with legal rules so that it is accepted by the court. It typically includes details such as:
Many people confuse Succession Certificates with Legal Heir Certificates. When choosing between the two, it is essential to consider the type of asset and the purpose of the documentation.
| Aspect | Succession Certificate | Legal Heir Certificate |
|---|---|---|
| Purpose | Asset inheritance and management | Establishing legal heirs |
| Authority | Grants power to claim assets | No authority to claim |
| Use Case | Pensions, insurance | Debts, securities |
The certificate mainly applies to movable assets like bank deposits and securities. For Immovable Property, it may not always be necessary. Some states have specific rules that do not require a Succession Certificate for transferring immovable assets.
Succession Certificate Not Required for Immovable Property: In such cases, other legal documents may suffice for property transfer.
Conclusion
A Succession Certificate in Daman & Diu plays a very important role in the undisturbed transfer of the bank account or investment of the deceased person. Similarly, it is very relevant to know the difference between a Legal Heir Certificate and a Succession Certificate to facilitate the process of succession without further delay or mistake. If the proper procedure is followed, then the eligible heirs can get the certificate without any legal obstacle or dispute.
For a seamless and stress-free experience get in touch with our legal experts at Professional Utilities we will help you seek assistance for a seamless and stress-free experience. By simplifying the application and issuance of a Succession Certificate in Daman & Diu, we can give you confidence in applying and submitting it without any hassles.
At Professional Utilities, we leverage our industry knowledge and expertise to help businesses navigate complex regulations, minimize risks, and optimize operations for maximum efficiency and profitability.
.svg)
The Succession Certificate is the official court document that would enable the legal heirs to take over, or rather inherit, the estate of the deceased person consisting of bank balance and all kinds of investments and securities. This ensures smooth ownership transfer and also protects institutions, like banks, against potential legal disputes regarding the distribution of assets.
A certificate of succession will come into play when a movable property of a deceased person, debt, securities, or bank balances have to be transferred or dealt with, especially in instances when no will has been made.
For the issue of a Succession Certificate, one has to file a petition before the concerned District Court. The petitioning has to be done along with the essential documents such as the death certificate, proof of relationship, a list of legal heirs, and the details of the assets of the deceased. The court will conduct hearings, publish notifications, and issue the certificate after verification of all claims.
The fees to obtain a Succession Certificate generally include a court fee of approximately 3% of the value of assets being claimed, in addition to other charges levied over and above the filing and verification fees. Of course, it all depends on your state and how complex the case could be.
Legal Heir Certificate: It shows the legitimate heirs of a deceased person. It does not, in any case, confer rights to administer or dispose of properties. This is mainly issued for claiming pension or insurance.
Succession Certificate: It confers the right to inherit and make administration of moveable properties such as debts, and securities; it is also an essential document for banking or any other investment-related purposes.
Speak Directly to our Expert Today
Reliable
Affordable
Assured
Call us on
+91 9821113117
[Mon - Sat, 10am - 7pm]
Write to us
804,8th Floor, Bhandari House Building No.- 91, Nehru Place, New Delhi 110019
Reliable
Affordable
Assurity
They've been very helpful in our registration with ICEGATE. It was a small thing with a small amount paid which somehow escalated to a very painful procedure. Never did they say "You've only paid so much. It's too much effort for us.".
Very pleased with their service. Prompt, professional and great communication. Definitely recommend. Special mention for Ms. Razia - she handled our case.
Professional Utilities is fully professional in their work, Rates are too low and genuine. Services and satisfaction are high so I highly recommended Professional Utilities.
They are one of the most genuine and reasonable people. I applied for lmpc certificate through them and they charged me a very nominal amount as compared to what other firms asked .
