5 Things To Know About Indian Succession Act

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Indian Succession Act, 1925

It deals with intestate and testamentary successions. Intestate rules apply when there is no will, while the latter applies when there's a will.

Provisions Of The Act

The Act provides guidelines about how these laws can be used to distribute and manage assets after the owner's death.

RBI Guidelines

Testamentary Law

It applies when the deceased person has left a will recording his wishes regarding the distribution of his assets after death.

Laws For Hindus, Jains and Sikhs

For testamentary successions, the Indian Succession Act will apply to Hindus, Jains, and Sikhs.

Islamic Laws For Succession

Testamentary and intestate rules do not apply to Muslims; they adhere to Islamic laws for succession.

Compiled By Himani Verma

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