NRI inheritance: You live abroad, your assets are in India - which country's laws decide who inherits?
New Delhi, Aug. 29 -- Managing assets across global jurisdictions involves navigating intricate and distinct succession laws. For Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs) with global families and investments, understanding how property transfers upon death is crucial to mitigating legal delays and disputes.
For example, an NRI who owns assets in India and marries a foreign citizen. The NRI may continue to hold Indian citizenship or may acquire citizenship of another country. In the latter case, the person could seek Overseas Citizen of India (OCI) status, if eligible. Their foreign-national spouse and children may also qualify for OCI registration, subject to applicable requirements.
This raises an important que...
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