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

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

Precap: Part I and Part II was roadmap of transfer of inherited assets and transfer by mutual agreement. Part III of this article shall focus on court process for transfer of assets of the deceased owner. d Inheritance is a legal right of all heirs, which cannot be taken away without due process of law. If heirs are unable to agree on transfer of assets, they may seek court intervention to distribute assets. “Judicial Settlement of Estate” is a proc

Transfer of inherited assets would not be controversial, time consuming or complicated, if all heirs work together and accept the fact that assets of the deceased are family assets, and all heirs acquired equal joint ownership rights in the same due to their specific relationship with the deceased. It is a right given by nature. It is a right provided by laws of every nation. Why should any heir, male or female, deprive other heir of his/her inheritance or force to him/her