Nominee is not your heir
The nominee only holds your money in trust after death. The real ownership lies with your legal heirs, not the nominee.
Legal heirs inherit the assets
Under succession law, the legal heir and not the nominee becomes the rightful owner of the deceased’s property or investments.
Why we appoint a nominee
Nominees are meant to ease claim settlement and prevent disputes, but they don’t override inheritance rights.
If there’s no will, the law decides
When someone dies intestate (without a will), assets pass to legal heirs as per personal succession laws, not to the nominee.
Secure your heirs’ rights now
Make a valid will and update nominations regularly so your assets go exactly where you intend them to.
aniltikotekar4sme.com 