New Delhi, July 29 -- When a family member passes away, inheriting financial assets such as shares, mutual funds and bonds can be emotionally overwhelming, especially for non-resident Indians (NRIs). While inheritance itself may seem straightforward, the transmission process often gets delayed because of missing documents, outdated nominations or paperwork errors.

Experts say the process has become simpler following the Securities and Exchange Board of India's (SEBI) latest transmission framework, but NRIs still need to complete several procedural steps before they can claim or sell inherited investments.

The first step is to identify every financial asset left behind, including demat accounts, mutual fund folios and bond holdings. A Co...