Rules Relating to Intestate Succession
The following mentioned are the rules relating to intestate succession:
Rules Relating to Intestate Succession
An individual who passes away without leaving a will is referred to as intestate, and the transfer of his assets is known as intestate succession. Under intestate succession, the assets are passed down by the legislation or customs that govern the decedent. The Indian Succession Act delineates the process for distributing an individual’s belongings in the event of an intestate death. As per the relevant personal statute, the assets acquire vested rights. There are major issues when there are several heirs since some assets are more profitable than others.
Key Takeaways
- When a person passes away without leaving a valid and legal will, they are considered intestate, and the transfer of their assets or estate is referred to as intestate succession.
- Property can be transferred through inheritance. The right of an heir to inherit property upon the death of an ancestor through a line of succession is known as inheritance.
- An heir is a person who has the legal right to inherit assets following the passing of an intestate.
- Every religion has its regulations to cover intestate succession, some religion follows the succession act, while some follow their religious scripture.
Table of Content
- Rules Relating to Intestate Succession
- 1. Rules of Intestate Succession for a Hindu Male
- 2. Rules of Intestate Succession for a Hindu Female
- 3. Rules of Intestate Succession Among Muslims
- 4. Rules of Intestate Succession under the Indian Succession Act, 1925
- Rules Relating to Intestate Succession-FAQs