Outlook Money
The Indian Succession Act of 1925 governs the testamentary and intestate successions in India.
It is a legal process where an individual can transfer a property by creating a will or a testament.
The Hindu Succession Act of 1956 explains the process of intestate succession and the exceptions for Hindus.
A property can be transferred via a will to adults who are of sound mind.
Parents can designate guardians for their minor children in their wills under Section 60 before they can take independent decisions.
Compiled By Himani Verma