Succession certificate/ everything you should know about succession certificate/ Best law firm in Coimbatore/ Best advocates in Coimbatore/Best law service in Coimbatore/ Best legal consultation in Coimbatore/ Best legal services in Coimbatore/ Best lawyers in Coimbatore/ Online legal consultation. When a person dies intestate without a will, their assets are passed on to their legal heirs after the court has verified the legitimacy of ownership. A situation in which a deceased person has not left behind a will or has left it for an illegitimate cause is known as dying intestate. This means a will has not been prepared to establish the authority and authenticity of the successor of the deceased person. This is where a Succession Certificate comes into the picture to give the certificate holder the authority to take over the securities as well as debts of the deceased person. According to sections 380, 381, and 382 of the Indian Succession Act, of 1925, a succession certificate holder can take hold of the assets of the deceased person along with the debts owed. This document, under the Indian Succession Act, and issued by a competent civil court essentially certifies the rightful person to be the successor of the deceased person. A succession certificate ensures the transfer of any assets, debts, or securities to the legal successor of the deceased person. These assets might include Mutual Funds, Insurance, Pension, Retirement benefits, Government undertakings, Bank Balance, etc. The holder of a succession certificate can take over the securities, and assets and pay debts on behalf of the deceased person even before the legal inheritor of property is determined. A succession certificate also provides security against any financial loss to all the people who owe debts or are accountable for securities about the holder of the certificate. You can get the law services like Trust deeds, Financial law, Insurance law, Environment, Consumer, Property, Banking Tax Cyber, Constitutions, Labor law, Civil, Criminal, Family, Property registration, Getting NOCs, and many others. Additionally, you can get to know about Legal notice, documentation, Legal registration, Property organization, establishing companies, Family legal consultation, Civil legal consultant, Criminal legal consultant, and Litigation for finance property from our expert lawyers.