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Experts please advise.

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This query is : Resolved

JShanti (Querist)

15 January 2020 Hi, Our father passed away last month. My Brother and I are the legal heirs. My brother was the nominee in all my fathers Bank accounts and he has already received in his account. I wish to relinquish my claim on this money that my Brother has received as nominee. Do I simply give it in writing to my Brother or do I have create a gift deed on Stamp paper. Does the same need to be registered also ? Thanks, Shanti

Amol S Joglekar

Amol S Joglekar (Expert)

16 January 2020 You can do it on a simple plain paper or say your letterhead, if you have. If you want to do it on stamp paper, please ensure you pay the appropriate registration charges + stamp duty, if any. (So? As such registration is not required. If anybody among you want it, you can opt for registration as well)

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