If a person expires intestate with just a nominee, is there a time limit (number of years) for the heirs to claim their stake?
Lucid (Manager) 20 February 2015
If a person expires intestate with just a nominee, is there a time limit (number of years) for the heirs to claim their stake?
Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 ) 20 February 2015
Generally no limit. But in case of bank balances, fix a minimum threshold limit, for the balance in the account of the deceased depositors, up to which claims in respect of the deceased depositors could be settled without insisting on production of any documentation other than a letter of indemnity.
T. Kalaiselvan, Advocate (Advocate) 21 February 2015
If there was a nominee then the question of intestate does not arise, so please see what you want to clarify and be precise about your issue.
Lucid (Manager) 22 February 2015
Sirs, Thanks for your response.
A person nominates person x. He expires without a will. Does X can be considered as owner if actual heirs y,z, w have no issues with it?
If one of them changes mind and tries to tires to claim his stake after few years, is there a time frame within which he will be able to do so?
Yogitans 18 April 2017
For claiming fixed deposit amount in bank in nominees's account, can the legal heir of a person who has died intestate claim it after 3 years of death - whether as per law is there any time limit at all set beyond which a legal heir cannot claim this amount from nominee ?
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