What is a Succession Certificate?
A succession certificate in Bangladesh is a legal document issued by a court that allows a person to claim movable assets (like bank accounts, shares, or debts) of a deceased individual.
When to Obtain a Succession Certificate
A Succession Certificate is required when a person dies intestate (without leaving a will).
Why Obtain a Succession Certificate
It gives the rightful heir(s) legal authority to inherit and manage the deceased’s movable assets. Moreover, banks, financial institutions, and companies require this document before releasing funds or transferring ownership of shares.
How to Obtain a Succession Certificate
Initially an application (petition) needs to be filed to the relevant district court in the jurisdiction where the deceased resided. Furthermore, the application (petition) must include details like the deceased’s name, date of death, address, details of legal heirs, and the list of assets for which the certificate is required. In addition, the petitioner/applicant has to pay the prescribed court fees, typically based on the total value of the assets. Afterwards, the court verifies the petitioner’s/applicant’s claim through notices to other legal heirs and public advertisements (often in newspapers) to invite objections, if any. If any objections are filed, the court conducts a hearing to resolve disputes before proceeding. However, if no objections are raised (or once disputes are resolved), the court issues the succession certificate.