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Subject: Clarification on Beneficiary of Joint Account and Fixed Depos
25-Sep-2024 (In Property Law)
"A woman opens a joint account with her nephew and also fixes a certain amount, which is also held jointly with her nephew. She has a grandson and a daughter-in-law (her son's wife). Her husband and son have passed away. The actual legal heirs are her grandson and daughter-in-law. However, after the woman's demise, who will be the beneficiary of this account and She has no will and also no nominee of this account.
To give opinion it is necessary to know whether the mode of operation of those accounts are Either or survivor or joint, i. e., signature of both to operate the accounts. If you wish to have teleconsultation by online payment, then can Whatsapp.
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Adv. Sinjari Bandyopadhyaya Banerjee
Kolkata | 700+ Answers
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