π« My bank nominee will automatically own my money. β Fact: The nominee returns the money to the legal heir (spouse/children). You need both.
β Did you know that a "Nominee" is not the same as a Legal Heir? (Ask me how in the comments!) legal heir
Hereβs a social media post suitable for LinkedIn, Facebook, or Instagram, depending on your audience. π« My bank nominee will automatically own my money
Here are 3 key facts everyone should know: Hindu Succession Act)
π« Only sons can be legal heirs. β Fact: In most modern laws (e.g., Hindu Succession Act), daughters have equal rights as legal heirs.
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