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NACałą rozmowę znajdziesz na naszym kanale YouTube.
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#Modelmanagement.com Registration Process
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CANRIs lose crores of inheritance in India every year... and are unable to claim ownership on their parents assets in India...
That’s because the moment they go to claim the property and get it registered in their name... they are asked for a document - the “Succession Certificate”
And to get this is one of the hardest things on the planet if their parents did not leave a Registered Will mentioning them as the legal heir.
The Succession Certificate is a document issued by the district courts... It grants authority to manage the deceased’s bank accounts, investments, and financial assets.
The process requires filing a petition in the court where the deceased resided or where assets are located, followed by a mandatory 45-day public notice period allowing for objections.
And till the time these documents are not obtained, banks freeze the accounts, not letting anyone use the account, draw money, or make payments from them... Same with Demat accounts and shares held in parents name.
So the NRI has to get all their foreign documents apostilled in the foreign country, and make a Power of Attorney to appear in court, file several affidavits and indemnities.
And this entire process of obtaining this certificate takes anywhere between 6 to 18 months...
The stamp duty could be anywhere between 2-3% of the asset value... and some lawyers charge a % of the asset value, as high as 5%...
In Delhi, the Court Fee itself is 4% of the Estate Value.
For a professional to charge a % of such value may actually not be permitted under some regulations, but it is a market reality.
And this entire process can cost no less than Rs 10-20 lakhs and a couple of years.
To avoid all of this and to ease the process, I would recommend each NRI to do two things -
First, please update your names under nomination at every bank, insurance policy, mutual fund, and demat account. It may sound boring, but should be a priority.
And second, get your parents to make a Registered Will specifying the assets, the beneficiaries, and the identifying details therein.
#casarthakahuja
@casarthakahuja
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THGETTING A FOOTBALL AGENT IS EASY!!! ⚽️
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@thefootylawyer
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SI🚨DO THIS BEFORE 31st December!
The Indian government wants you to link your Aadhaar card to your PAN card. Why, and how do you do it? We’ve explained everything in this video.
Check it out and SHARE it with everyone you know!😳
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[Aadhar Card, PAN Card, Indian Government, Government Rules, Important News, Breaking, Tech]
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@sillycorns.media
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IA🇶🇦HAYAT CORPORATE SERVICES🇶🇦
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@iamjeeemo
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RAमित्रहो हे माझ इंस्टाग्राम च नवीन अकाउंट आहे. कृपया @metaindia @meta @instagram च्या आयडी ला @rahulmagdum3003 हे माझ जुन अकाउंट कमेंट मधे tag करा.
@rahulmagdum_official
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ASSave and Share this for later and register ✅
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@ashit_mahajan
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TIHurry up! Registration won’t stay open for long.⚡️
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@tiarasjec
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SHCountdown is ON! Only a few days left until Forex Expo Dubai 2025
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#ForexExpoDubai #ForexExpo2025 #DubaiWorldTradeCentre
@shaikhannieofficial
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BAGo vote!!! NOW!!! ❤️☀️💚
@banuuuly
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WAThe Side Hustle That Actually Works 💸
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@wardogsacademy
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PAThe floor is yours! Register for PARAMUN now and show us your diplomacy.
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