Any one wanting to execute or seek a Relinquishment Deed
to succeed or release his share in a property in India,
whether residential, commercial or agricultural in the
presence of other legal heirs may use this document to
complete the formality.
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This document has been drawn to complete relinquishment
by “one” future legal heir of a living person who intends to
devise succession of a particular property
owned/possessed by him in favour of one of his legal heirs
within full knowledge of the fact that a Will has also been
written by the said owner bequeathing the said property as
such.
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Submission of an Administration-cum-Surety Bond is a statutory necessity for any person to whom the grant of letter of administration in respect of a Will is committed by way of a judgment on the culmination of probate proceedings by the Court of competent jurisdiction under The Indian Succession Act, 1925.
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