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
Get 'family settlement deed' prepared and distribute the assets......... including bank balance....
Rohit KC Jain & Co
New Delhi
CA Inter
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PARV & Co.
New Delhi
CA Inter
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K R Kiran Kumar & Associates
Bengaluru
CA Inter
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CCI
Pro
CAclubindia
