Se ptember 02, 2021 Santosh K. Pawar, Esq. Partition/Transfer of assets left behind by the Deceased is not an option but legal necessity, Hence, transfer process must begin with assistance of experienced legal professional at the earliest possible moment to avoid civil, criminal and tax consequences. No successor acquires any ownership rights in any asset of the deceased till ownership transfers. W hat all legal heir must know, is that by operation law, upon demis

Author: Santosh K. Pawar, Esq. March 2, 2021 Paying outstanding debts and taxes of the Deceased is a prerequisite for distribution of assets of the Deceased/The Estate of the Deceased. Liability to pay income tax and filing of income tax return in India is a simple process regulated by Income Tax Act, 1961. Familiarity with the procedural requirements may assist Legal Heirs in not only preventing unnecessary delays in distribution of the estate of the deceased but also

January 13, 2021 Santosh Kalra Pawar, Esq. Legal heirs, NRI’s and Resident Indians alike, always question – Why does "the Estate of Deceased" require it separate PAN (Permanent Account Number)? Who must apply for the same? What are the required supporting documents to obtain PAN for the Estate? Let us examine and Know all about "PAN" for the Estate of the Deceased. What is PAN (Permanent Account Number) in India? PAN (Permanent Account Number) is a unique ten-digit alphan

Distribution of assets of the deceased, which become part of his/her estate on the date of his/her death, is a crucial legal step. Successors become owners only after assets are lawfully transferred. Executor of valid and duly executed “Will” OR Administrator of the Estate of the Deceased, both have fiduciary duty towards the deceased as well as legal heirs. The task of distribution is assigned to duly appointed Executor/Administrator of the deceased. Su

Legal heirs, NRI’s and Resident Indians alike, must recognize that ALL financial affairs of the deceased are required to be laid to rest immediately after his/her passing away. Legal representative of the deceased is required to be appointed to pay outstanding debts and bills, file tax returns, and transfer ownership of assets of the deceased to lawful successors in accordance with law. No Transfer, no rights. Without transfer, all assets of the deceased are f