By succession, we mean the law or natural process of inheriting or succeeding to any title, estate, assets, property, and position. It also means people or things of a similar type, which come one after the other or follow each other.
There could be several definitions of succession. Some of them include the following:
1. Order or conditions, based on which someone succeeds to any estate, position, property, title, etc.
2. Right to succeed to something.
3. One individual taking the position or spot of another individual in terms of employment, duties, rights, responsibilities, etc.
4. The act of beneficiary entitlement to the properties of any deceased individual.
5. A group or multiple people/items which follow each other as part of a sequence.
The law of succession is what categorizes the regulations for distribution of property of a deceased individual, in case he/she passes away without any legal will. These rules determine the proportion and share of property for his/her legal heirs after death. Succession means the transfer or passage of assets and properties from one entity or individual to another. This is regulated through several laws and guidelines.
