“Is nominee a legal heir?” The simple answer is no, the legal heir and nominee are two different parties.
A legal heir is a concept under the law of succession and will and refers to an individual upon whom the assets and property of a person ultimately devolve upon their demise.
A nominee, on the other hand, is a person, who is nominated by a deceased person during their lifetime to hold their assets and property upon their death as a trustee.
Difference Between Nominee and Legal HeirA nominee is a person who is voluntarily nominated by another person to get the estate upon their death in the form of either property, money, or any other asset, etc. On the other hand, a legal heir is a person who gets the benefit of ownership of another person’s estate upon their death.
The nominee enjoys the deceased person’s property as a trustee and holds it till such property is transferred to that deceased person’s legal heir. On the other hand, a legal heir is purely a beneficiary who enjoys title and ownership of the property of such a person upon their death.
A legal heir is decided by either the deceased person’s will or by the succession laws which prevail in the will’s absence. On the other hand, a nomination is a formal act by which a nominee is elected by a person.
Consult NoBroker’s Legal Experts if you have any queries related to drafting the sale agreement/deed, checking
property title, etc.
Read more:
Can nominee withdraw money from bank?
What is nominee in bank?
Who are legal heirs?
How to apply legal heir certificate?
How to make legal heir certificate?
I hope I cleared all your doubts regarding “is nominee a legal heir”
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Is nominee a legal heir?
Namit
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2022-04-07T17:56:30+00:00 2022-04-07T18:12:01+00:00Comment
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