June 8, 2024

An estate in Indian law refers to the total property, assets, and liabilities that a person owns or controls at the time of their death. The concept of an estate encompasses real property (land and buildings), personal property (movable assets like vehicles, jewellery, and cash), and intangible assets (such as stocks and bonds). The distribution of an estate is governed by various laws, including the Indian Succession Act, 1925, for non-Muslims, and personal laws for Muslims, Hindus, Sikhs, Buddhists, and Jains. The estate is managed and distributed by an executor or administrator appointed by the will of the deceased or by the court if there is no will (intestate succession). The process of administering an estate involves gathering assets, paying off debts and taxes, and distributing the remaining property to the rightful heirs or beneficiaries. The concept of an estate is crucial in ensuring that a deceased person’s assets are properly managed and distributed according to legal and testamentary provisions, safeguarding the interests of the heirs and preventing disputes over inheritance.


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