Asked November 08, 2016

Who can claim property?

  • 1 Answer

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)

Answer 1

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.

Agree Comment 0 Agrees almost 5 years ago

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