Business Today

DOCUMENTS REQUIRED FOR ASSET TRANSFER

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Documents required for asset transfer depends on type of the asset, ownership pattern, nomination and the will. Usually the documents required include: A copy of the death certificat­e, duly attested KYC document of the legal heir A copy of the succession certificat­e or an order of a court of competent jurisdicti­on in case the deceased has not left a will A copy of the probate (in case of a will) or a Letter of Administra­tion (in the absence of an executor) Indemnity bond/indemnity-cum-affidavit in the absence of a will This is not an exhaustive list as the requiremen­t may vary based on the requiremen­t of each institutio­n.

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