Fdr
This query is : Resolved
CA HITESH LUTHRA
(Querist)
31 May 2012
One of my client make a Fixed Deposit and Make one of his son as nominee.On death of my clients his nominee received the FDR Amount with Interest. Now nominee want to divide that amount between their brothers.
What legal documentation should be done to divide that amount?
One of my client make a Fixed Deposit and Make one of his son as nominee.On death of my clients his nominee received the FDR Amount with Interest. Now nominee want to divide that amount between their brothers.
What legal documentation should be done to divide that amount?
ARUN KUMAR MAITRA
(Expert)
01 June 2012
Dear Luthra Ji,
Nominee holds the amount in trust of the beneficial owners,until the amount is distributed to them.In the absence of a will,the amount will be distributed amongst the legal heirs as per the Succession Certificate.
C.A. A.K.Maitra
Nominee holds the amount in trust of the beneficial owners,until the amount is distributed to them.In the absence of a will,the amount will be distributed amongst the legal heirs as per the Succession Certificate.
C.A. A.K.Maitra
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