A succession certificate is one certificate which is received by the successor or the heir of a deceased person, who in turn has not prepared a will for acknowledgement of the successor. Due to this, the succession certificate is issued to the successor to establish authenticity and provide him with the authority of the debts and securities of the deceased person. Anyone who gets the certificate can transfer all the security & payment of debts with him even before the legal heir is established.
Issuance of Succession Certificate
A district judge of the relevant jurisdiction can issue a succession certificate. The place where the deceased person lived at the time of death is referred to as the relevant jurisdiction. In case if no such place could be found, then wherever the body of the deceased is found, it would be the appropriate jurisdiction.
Necessary details required
To file a petition, the following details are to be furnished:
Time of death of the deceased.
Permanent residence of the deceased at the time of death.
The relatives, along with the family members with their residence addresses.
Rights of the petitioner.
The debts and securities have to be listed.
How to get a Succession Certificate
To have a succession certificate, then the following pROCedure has to be followed, which has been mentioned below:
The applicant has to prepare for a petition, verify it and later sign it.
Then the petition has to be submitted to the district judge after paying the court fee in the most appropriate jurisdiction.
The judge inspects the application. If everything is fine, he fixes a day for hearing for the same and also notifies the person whom he thinks is fit.
Later the judge hears the parties involved, their concerns and decides if the applicant can apply for the application or not. If the judge finds no problem, he himself issues the certificate and give it to him.
If there is any loss which happens by misusing the succession certificate, then for that purpose, the applicant has to provide a bond along with some sureties to take care of the losses to the district judge.