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Inheritance and Succession
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What is Law of Inheritance and Succession?
When someone passes away, the law of succession decides how their belongings and property are shared amongst those left behind. This is inheritance. If the person had a will, it outlines exactly who gets what (beneficiaries). But if there’s no will (intestacy), the law dictates how things are divided based on family relationships (heirs). There are different legal systems for inheritance, with some places giving more freedom in wills (common law) and others relying more on pre-set rules (civil law).
It can get more intricate with religious laws or international assets, but the key takeaway is this: a well-written will helps ensure your wishes are followed, while a lawyer can guide you through the legalities for a smooth inheritance process.
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The process of issuing a succession certificate, along with related matters, is governed by the Succession Act of 1925, which applies across Pakistan. This act sets the rules and procedures for inheriting a deceased person’s property.
Typically, it takes about 2 months to obtain a succession certificate. However, if there’s opposition from a third party, the process can become more complex, potentially extending to 3 months or longer.
What is Succession Certificate?
Requirements for Acquiring Succession Certificate
- National Identity Card (NIC) of the applicant.
- Death certificate of the deceased.
- National Identity Card (NIC) number (if available) of the deceased.
- A letter of authorization from all legal heirs, allowing the applicant to file the application on their behalf (unless the applicant is the sole heir).
- Details of all legal heirs, including their names, relationship to the deceased, and National Identity Card (NIC) numbers (if available).
- Information pertaining to the deceased’s movable assets, including details like bank accounts, investments, vehicles, etc.
- Depending on the specific situation, additional documents like a Family Registration Certificate (FRC) or property/asset documents might be required.
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