Neha Nagar Instagram – Nominee vs. Legal Heir: Who gets your assets?
Your nominee is not the same as your legal heir. Your nominee is simply the person you’ve named to receive your assets in the event of your death.
Your legal heir, on the other hand, is the person who is entitled to inherit your property under the law.
If you want to ensure that your assets are distributed according to your wishes, you need to create a will. A will is a legal document that specifies who you want to inherit your property after your death.
Without a will, your assets will be distributed according to the laws of inheritance, which may not be what you want.
Example:
In the reel, Neha nominated her mother as the nominee for her assets. However, after her death, her husband argues that he is entitled to inherit the property as a legal heir.
Under the law, Neha’s husband is correct. He is entitled to inherit her property, even though he was not nominated as the nominee.
If you want to ensure that your assets are distributed according to your wishes, you need to create a will.
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#nominee #finance #assets #nehanagar | Posted on 30/Oct/2023 18:23:18
