When a housing property is owned by three family members, can nominee for the flat be one of the co-owners or has to be dofferent than the owners of the property?
Divakar 01 July 2023
When a housing property is owned by three family members, can nominee for the flat be one of the co-owners or has to be dofferent than the owners of the property?
Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 ) 01 July 2023
nomination is an instruction given to the society as to how the relevant member's shares should be transferred upon his death. The same assumes significance for estate planning purposes as well. A nominee can be any person and may not necessarily be the legal heir of the member
T. Kalaiselvan, Advocate (Advocate) 01 July 2023
A nominee an be any person incuding one of the joint owners who has been appointed as his/her nominee by the other joint owner.
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