the importance of inheritance law in india.
Answers
Answer:
Laws of Succession relate to legal principles of distribution of assets of a deceased individual. These include the order in which one person in preference of any or one person after another or any one person in particular share with any other person succeeds to the property/estate of the deceased person. Corporate persons having perpetual existence are not covered in this and have separate laws relating to Winding up, Reorganization and Closure.
Answer:
Additionally, it may encourage individual responsibility in order to provide for dependents. Succession laws along with the concept of private property allow an individual to maintain their freedom apart from the state and society. They also ensure persistence of economic life post death.
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