August 10, 2021 Santosh K. Pawar, Esq. Transferring ownership of any asset, cash or non-cash (property), requires compliance with applicable laws. There are many misconceptions for transfer when any asset is owned by the deceased. All legal heirs have equal share in every asset of the deceased. Anyone intending to deprive other legal heir(s) of his/her/their equal share, on any ground, whatsoever, must be in possession of court order. Legal heirs do have an option to mutuall

April 14, 2021 Santosh K. Pawar, Esq. "Legal Heir Agreement" also known as "Family Settlement Agreement" is a time and cost effective option for distributing inheritance in India. This option is available to legal heirs ONLY when all agree. No reason or justification is required for not opting for Distribution by Agreement and requiring Court Order for the same. WHY IS DISTRIBUTION/TRANSFER OF INHERITANCE MANDATORY Distribution/Transfer of assets of the deceased is mandatory

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