What Is A Testamentary Succession? Know How The Law Applies
Testamentary succession is executed through a will made by a testator expressing his/her wishes for their estate planning including, investments, properties, and other valuable articles.
Testamentary succession is executed through a will made by a testator expressing his/her wishes for their estate planning including, investments, properties, and other valuable articles.
An inherited property is not subjected to tax at the time of inheritance, but it is taxable during sale under the Indian Succession Act 1925.
The Hindu Succession Act classifies heirs into two classes: Class 1 and Class 2, which are immediate and distant heirs, respectively. Without a will, each heir gets a share of the property.
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