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Querist : Anonymous (Querist) 22 December 2010 This query is : Resolved
My Grand Father expired, he nominated his saving account in the name of my mother, she expired earlier. Now who will get the money

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M.Sheik Mohammed Ali (Expert) 22 December 2010
legal heirs of your mother, but you must get legal heir certificate from court.

Adv Archana Deshmukh (Expert) 22 December 2010
The money will go to the legal heirs of your grandfather.

Querist : Anonymous (Querist) 22 December 2010
M. Mohammed Ali is saying Legal heirs of my mother

& Archana is saying Legal Heirs of my Grand Fathter..

Both are giving different statements..

Which statement i belive.

Devajyoti Barman (Expert) 22 December 2010
The nominee is not the leal heir by vrtue of nominaton only. So with the death of your grandfather(presuming he died intestate) the said money would be equally divided amongst his legal heirs.If his legal heirs include your mother too then after her death her due share would be again divided amongst her legal heirs.

Advocate Bhartesh goyal (Expert) 22 December 2010
Mr.Barman is correct and to get the money of your grand father's A/C succession certificate has to be obtained from the court.

Parthasarathi Loganathan (Expert) 22 December 2010
Bank will settle the claims based on Succession Certificate issued by the court.

Ajay Bansal (Expert) 22 December 2010
L.R of your mothe will get the property in question.

s.subramanian (Expert) 22 December 2010
Adv.Archana alone is right.When the nominee predeceases the depositor,the legal heirs of the depositor will be entitled to the proceeds.

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