When someone close to us passes away, we are burdened with heavy grief. The loss is irreparable, and their place cannot be filled. In this situation of emotional crisis, we are also faced with practical problems that we have never faced before. Managing the financial assets they have left is one of these problems. The situation gets more complicated if the person has left no will before their demise. If someone is a legal heir of the shares and investments made by their parents, spouse, or close family member, they must obtain a succession certificate in case of intestate death. For reference, an intestate death is a legal term used when a person dies without leaving any will, or their will is considered invalid. One can opt for assistance in providing succession certificate in name of legal heir services.
These services are provided by companies specializing in financial and legal issues. We at Share Connection are a team of professionals who help in recovering and claiming stuck shares.
Why Succession Certificate is Important
Succession certificate is a legal document that gives the right to the legal heir to use the assets of the deceased person. These assets may be shares and mutual funds, etc. Because shares are movable financial property, the companies cannot simply transfer them to the heir without complying with regulations. Without any valid will, they hold the shares until they get proof of succession. Hence, it is important to get this certificate to own the shares and avoid legal disputes.
Process Of Obtaining Succession Certificate
While it is crucial to get the succession certificate, it involves complicated and time-consuming legal procedures. Here are the steps one must follow:
● A petition is drafted, which includes details of the deceased person, death certificate, relationship with the claimant, legal heir affidavit, list of shares, bonds, deposits, etc.
● It needs to be filed in the appropriate district court where the person has died or where the assets are located.
● Payment of court fees.
● The petition is reviewed by the court, and a public notice is issued.
● After the court finds no objection to the evidence, the succession certificate is issued.
Clearly, this procedure is tricky for non experts. Therefore, they must go for succession certificate in name of legal heir services.
Why Choose Share Connection Services
Filing a petition and attending the court hearings without a legal expert is too difficult if you are not associated with the field of law. Experts at Share Connection have the necessary expertise and knowledge in various legal procedures. From drafting the petition, attending the court hearings, presenting evidence and issuing the certificate, they offer complete assistance to the claimants.
Conclusion
Issuing a succession certificate might seem a challenging task, especially when you are going through a grieving period. But with the expert assistance, it can be made easier. For anyone looking for a succession certificate in name of legal heir services, they must choose a reliable company with a credible team and long experience. They help at every step of the legal proceedings at a reasonable cost of service.