Whom to keep nominee

As per Supreme Court judgements, a nominee is merely a custodian of the asset/money, and the actual heir to the FD is the person to whom you left it in your will. If the two persons are different then the actual heir will have to claim the money from the nominee.
Instead you can write a Will bequeathing your bank account amount to president or anyone of your choice.

Further, legal experts recommend that at the time of making a will, an individual should mention the reason for bequeathing a particular asset to a particular beneficiary. This specifies the intent of an individual which will help in avoiding legal disputes at the time of claiming assets.
 

So, in that case, after my death, can I name a cancer Institute as Nominee ( Since my parents died with cancer) as I dont have any marriage and kids in this life. Subsequently I want to write all my assets on the name Cancer Institue name so that It will be useful for the patients who suffers with the decease.

Will this be legal if I Go ahead and do this?

Regards

You can write will and register it but your lrs may challenge ,so they have to prove  the will .

You can bequeath the assets both movable and immovable to the instuitute in favor of the institute with reasons therein clearly recited in the Will. 

It appears that the querist trying to have some fun at the expense of this platform. The queries he has posted repays study -

 -Replied to a topic in forum Whom to keep nominee

- Posted a new topic in forum Whom to keep nominee

- Replied to a topic in forum Lost empty signed documents in bank locker

- Replied to a topic in forum Lost empty signed documents in bank locker

- Posted a new topic in forum Lost empty signed documents in bank locker

-  Posted a new topic in forum Bank locker issue

- Posted a new topic in forum Is spelling mistake in name same title transfer ?

- Asked a query in Experts Will issue

Read more at: https://www.lawyersclubindia.com/profile.asp?member_id=933469

Dear Venu sir, There is nothing fun here enjoy ....It is an irreversible fact that  many educated people in India dont have proper knowledge of our judiciary system and law. I am assuring you that what ever i have posted in this forum is for my knowledge sake and to know on how to proceed on issues that i face... Thankyou for your replies in this regard !!!!!

Originally posted by : P. Venu

It appears that the querist trying to have some fun at the expense of this platform. The queries he has posted repays study - -Replied to a topic in forum Whom to keep nominee- Posted a new topic in forum Whom to keep nominee- Replied to a topic in forum Lost empty signed documents in bank locker- Replied to a topic in forum Lost empty signed documents in bank locker- Posted a new topic in forum Lost empty signed documents in bank locker-  Posted a new topic in forum Bank locker issue- Posted a new topic in forum Is spelling mistake in name same title transfer ?- Asked a query in Experts Will issueRead more at: https://www.lawyersclubindia.com/profile.asp?member_id=933469

मुक्त का चंदन

घिस मेरे नंदन

लांबा तिलक लगा बाबा

पैसा कोई मांगे तो आगे आगे जा बाबा