Who can claim property?
Property registered with 2 joint owners . if the wife dies (owner 1) who is the legal owner if no nominees provided. Who can in future claim right to property (immediate family or entire family tree)
According to law, a nominee is a trustee and not the owner of the assets. A nominee is only a caretaker of your assetswho holds your asset as a trustee and is legally bound to transfer it to the legal heirs. A legal heir will be the one whose is mentioned in the will. If a will is not made, then the legal heirs of the assets are decided according to the succession laws applicable to the person who has died.
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