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
For any bank deposits or balance amount, no need to register it, unless any immovable property or assets also involved.
Notarized deed is sufficient.
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