Regarding A Will
Hi . My mother has nominated me on all her fixed deposits does she still need to make a will as she wants to give the entire money to me and not her other children.
Free Legal Advice - family dispute
Posted by: Sharon
Posted on: 2018-08-12
Hi sharon. according to section 45ZA of the banking regulations act of 1949 it has been made clear in the sub clause 2 of the section that despite of any arrangement made in the form of testamentary or otherwise where a nomination is made in the prescribed format, the nominee shall o death of the depositor become entitled to all the rights of the sole depositor and such is to the exclusion of all others. I hope this helps you.
Talk to Top Rated Lawyer
Some issues just cant wait. If you need a resolution right away, then use our quick consult option to speak with our Lawtendo lawyers immediately at a small fee of Rs 600.
Talk to a LawyerBOOK A SERVICE
Related Legal Questions
Free Legal Advice - family dispute
What is the procedure of marriage between an Indian and a foreigner?
Posted by : Reena Gill
Posted on : 2018-09-07
Free Legal Advice - family dispute
How to proceed against father who permitted euthanasia for his father?
Posted by : Leena Chaubey
Posted on : 2018-09-07
Free Legal Advice - family dispute
What happens if the authorities refuse to solemnize the marriage?
Posted by : Vasundhara
Posted on : 2018-09-07
