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NOMINATION ISSUE WHEN NO LEGAL HEIR OR WILL BY THE BANK DEPOSITOR
29-Mar-2024 (In Family Law)
The demised person has no first legal heir or left a will but oher brothers & sisters are demanding all documents from the nominee who is a sister of demised bank account holder .Is there any court order saying that nominee should give all nominee documents to the demanding people. Law clause etc. The other people desire to file a suit with the documents from Nominee.
THANKS
As per law if there are no class 1 legal heirs to the deceased, the property will go to the class 2 legal heirs as mentioned in succession act, the class two legal heirs have to get a decree from court that they are class 2 legal heirs and there are no class one legal heirs, the nominee is a person who can only distribute the assets to the legal heirs who are entitled to, the nominee is not the owner he is just a person appointed that in case of death the amount should be paid in his hands and he can distribute it, normally the legal heirs will approach the court and also take a stay order not to release the amount till the case is decided by court.
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Adv. Bharat Narasgouda
Belgaum | 500+ Answers
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