Intestate

Sir,

i had to become a joint account holder with my ailing grandmother's bank account  as  a trustee 

Now that she is no more,  and a decent amount in bank as balance which i can operate,  

this amount needs to be distributed with the heirs ( 4 in number )

so, can i  issue  cheques  to them ,and if so how do i show entry 

will there be any implications on me 

 

 

Replies (2)

Get 'family settlement deed' prepared and distribute the assets......... including bank balance....

distribute the amount by preparation of deed . i agreed with Dhirajlal Sir

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