Inheritance Transfer-When "Will" Claimed
“Will” is not a property transfer document. It is just a legal declaration of intentions of the deceased for disposition of his/her assets after his death, which requires judicial determination to have any binding force. Whether the deceased executed legal, valid and proper legal instrument is a question of law. Its the Courts alone, that have jurisdiction to declare whether the deceased died “Intestate” (without Will), or “Testate” (without “Will”). No claimant is permitt
Transferring Bank Accounts of Deceased to Legal Heirs in India
After losing loved ones, family members living in India as well as abroad face the daunting task of transferring the assets of the deceased to rightful owners and legal heirs. As assets cannot remain in the name of deceased, the same must be transferred at the earliest for smooth transition. When it comes to assets in any bank in the Republic of India, all banks follow the guidelines provided by Reserve Bank of India. The claimants are required to inform all banks of the dece
