Sorry for a little long question:
What is the precise difference between application for Letter of Administration and Succcession Certificate?
Succession certificate: 1. does it pertain only to moveable property like shares, FD recceipts etc.? 2. Do all heirs have to apply together? 3. If some heirs do not participate in the application, will the Certificate be denied? 4. If Certificate is granted to only those applying, will the heir not participating be deprived of his rights? 5. Does S.C. declare the RIGHTS of the heirs?
Letter of Administration: 1. Does application of LofA have to be signed by all heirs? 2. If not, the heirs not participating will be reprived of thier share? 3. Is it a must that LofA application should cover ALL assets of teh deceased, whether moveable or immoveable? 4. Is it possible to apply separately for moveable assets through Succession Certificatee and only immoveable property through LofA application? 5. Is L ofA application granted summarily or is their any inquiry into title of property, claims of heirs etc.?
How is suit for partition different from the above two?
thank youn in advance for a point wise response.
obliged.