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Aaron Smothers (Self)     29 June 2011

Indian citizen dead with financial holdings abroad

Hello all,

The scenario pertains to a male Indian citizen/national who lived in Europe for many years and died in India.

The surviving wife/widow and parents of the deceased are Indian nationals resident in India. The couple had/have no children.

The deceased left no will anywhere-- in India or Europe.

He had/has some financial holdings in his name in Europe-- bank accounts, deposits and some shares of stocks.

The European country's law says: "in the absence of a will, the laws of (intestate) inheritance of original nationality (namely, Indian) are applicable".

What does Indian law say about financial/movable assets held in such a country?

Many thanks!

 

 

 

 

 

 

 



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