Succession certificate is a legal document granted to the legal heirs of a person who has died intestate i.e. without a will. A succession certificate helps in establishing the legal heirs of a person and allot the debts and assets owned by the deceased. A court grants a legal heir certificate to the successors of the deceased and helps them in transferring the debts and securities of the deceased in their own name.
A legal heir certificate/succession certificate is granted by the court in accordance with the personal laws governing the deceased person and his/her legal heirs. The securities for which such certificate is required includes all kinds of stocks, debentures, bond, promissory note or shares. It is also pertinent to obtain a legal heir certificate to establish a relationship between the deceased and the claimants in case of pension, life insurance, etc. before different government authorities.