March 22, 2016

Must Make Will - Nominee Only Trustee in Most Cases


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Nominee ( except in case of shares and most probably , now , in Insurance policies ( please recheck ) - is only a Trustee. Real owner is as per the Will.

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While writing Will , please include  these important points.

1 ) Where ever ( Testator )  made Nominations , the Nominee / s would be the sole heirs 

2 ) In case , any one of the legatees pre deceases( Testator ) in that case that share would not lapse but would , instead , devolve on the Legal heirs of that Legatee.

3 ) In case any asset , movable or immovable , is not mentioned here or is acquired afterwards would devolve    on --------

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Blog Caution : Please Recheck All Information / Seek Expert Guidance

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