The process of proving a Will is valid and thereafter administering the estate of a dead person according to the terms of the Will. The first step is to file the purported will with the clerk of the appropriate court in the country where the deceased person lived, along with a petition to have the court approve the Will and appoint the executor named in the Will (or if none is available, then an administrator) with declarations of a person who had signed the will as a witness. If the court determines the Will is valid, the court then ‘admits’ the Will to probate.Probate means, authentication of a Will, authentication proceeding, judicial validation of a will, confirm the validity of a will, confirm the validity of a will, verify a testament.
A formal document nominating a specified person to take over, administer and dispose of an estate when there is no executor to carry out the testator’s will.
A document issued by the probate court or some officer who has authority, directing a person to administer the goods or property of a dead person.Court order authorizing a person (called ‘administrator’ if male; or ‘administratrix’, if female) to manage or distribute the property of a deceased who did not make any such arrangement in his or her will, or died intestate (without making a will).
A succession certificate is issued by a civil court to the legal heirs of a deceased person. If a person dies without leaving a will, a succession certificate can be granted by the court to realize the debts and securities of the deceased. It establishes the authenticity of the heirs and gives them the authority to have securities and other assets transferred in their names as well as inherit debts.
Investors who have invested and has lost the track of their investments details or misplaced the papers. Such shares remain unclaimed for 7 years and it is later transferred to IEPF (Investor Education Provident Fund). Wealth Locater can locate such investments and help to recover them.
Dividend is paid by the company but have not been collected/claimed by the shareholder. Such dividend remains unclaimed for 7 years and it is later transferred to IEPF (Investor Education Provident Fund). The same may be returned due to change of address, death etc. etc. Wealth Locater not helps in recovering shares but also recover the unclaimed dividend.
Demat is converting the physical shares into digital form. There are various procedures and clearance require for the conversion of shares into demat account. Wealth Locater provides assistance in opening of demat account and also helps to demat the shares.
Wealth Locater will assist in preparation of affidavits and other documentation including notarization wherever required and representing to the company on behalf of the investors in resolving the matter of signature mismatch.
Investors whose address have changed or migrated to other country, wealth locater helps them by representing them in the company and arranging to have the changes effected in the records of the company.
Wealth Locater will represent investors, holding shares in physical form but not having the certificates in their position, for lodging of FIR and preparing other documents for precuring the duplicate share certificates in view of the original misplaced/lost.