Tag
Legal Heir
2 articles tagged Legal Heir.
nri
Nominee vs Legal Heir for NRIs India 2026: Bank, MF, EPF, Insurance, Property — Asset-by-Asset
The single most-confused estate-planning topic in India: is the nominee the legal owner or just a trustee? It depends on the asset class. Bank deposits, MF folios, and demat — nominee is trustee for legal heirs. Insurance with a beneficial nominee — nominee may become legal owner. Property — nomination does not transfer title at all. The 2026 NRI-focused asset-by-asset map of what nomination really does, what it does not, and the actual transmission process at each financial institution.
retirement
Nominee vs Legal Heir India 2026: Why They're Different + Asset-by-Asset Rules
Naming a nominee doesn't "take care of" succession — for most assets the nominee is a trustee. The honest 2026 guide, asset by asset, and why you need both a nominee AND a will.
10 min read