Hello Experts
My father have added name of my younger brother's name in joint bank account. I am elder son in the family.
I want to know my rights after death of my father can I claim my share ? Or it will directly go to my brother?
Hardij (Champu) 13 December 2015
Hello Experts
My father have added name of my younger brother's name in joint bank account. I am elder son in the family.
I want to know my rights after death of my father can I claim my share ? Or it will directly go to my brother?
Punit Gupta (Owner) 13 December 2015
Dear Hardij,
The mode of Holding/ Operation in Bank account has no bearing on the property/will of the executor
As per banking norms, In a Joint account, after the death of the First holder, the benefits/rights are transfered to the Joint holder in the account, on the presentment of proper documents/Certificates and certain formalities.
On the death of both the holders, the benefits will go to the Nominee registered to that account.
Hope the above information suffice your purpose.
Regards:
Punit
Kumar Doab (FIN) 13 December 2015
If your father is owner he can add anyone with him.YOu can not object.
The mandate of the a/c shall determine who will get the proceeds in what event, e.g. in case of joint/E&S/former or survivor a/c etc.
Visit bank and inquire........................or log onto website of the bank.