Dear Forum Advisors,
After my wife's death, I had applied for Letters of Administration in Hon'ble High Court. I have a minor son also. My lawyer suggested me to make an FD in the name of my minor son's 50% share. I had made it and deposited in the High Court. My queries are:
1. Is it the right practice for minor children having 50% share in his mother's estate.
2. In the list of assets, I had missed to mention my wife's PPF account. PPF account doesnt have a nominee. Letter of Administration has come now without an asset entry for PPF account. Is it possible to claim PPF amount from the bank?
Kindly advise.
Regards