Entitlement In Deceased Father's Bank Accounts, Deposits And Mutual Funds.

Asked in Family

  • *************n

    Bangalore

Expert's Answers(4)

  • H K Chaturvedi, Advocate Supreme Court.

    Noida, Uttar Pradesh
      12 Client Ratings

    Dear Senthil, Please talk to your mom. she is old and she needs your support in her old days. You are legally entitled but morally you must take care of your mom being only child. After your mother, all properties are yours. If you need money, your mother will give you. Talk to your mom as a little child. Settle with mom instead to drag her in court. I am sorry. But it's your duty. Regards.

    December 26, 2020
  • xxxxx cxxxxx

    Bengaluru, Karnataka
      184 Client Ratings

    Dear Sir, You are entitled for equal share with your name as you are legal heir of your father along with your mother. Please give me rank after viewing my details. Please call me for further assistance.

    December 21, 2020
  • Advocate Anik

    Bengaluru, Karnataka
      66 Client Ratings

    Hi, you are the legal heir of the property but before that its your mother who owns the right over the property, which can be claimed fully by you. since the bank account has your mother's name as a nominee, you can not have the amount. however you can do the following things: 1. you can transfer the amount from your fathers account to your mothers account by writing an application to the respective bank manager. you need to attach the Death certificate of your father along with the letter. once the amount will be transferred to her account, your mother can make you the nominee. 2. if you want to avoid the above steps, you can directly transfer the amount from your fathers account to your mothers account or to your account through online mode, provided that your mother has agreed to do so, since she is the nominee. 3. it is also advisable to ask your mother to make a will of this property to avoid any further future hussle. Please give us a 5 star rating if you find this answer helpful and you may book a consultation for further discussion.

    December 20, 2020
  • Advocate J L Naagar

    Jalandhar, Punjab
      169 Client Ratings

    Though you are legally entitled to a share from the property of your deceased father but since there is Nomination you have to approach the Civil Court for getting your share because the financial institution will not disburse you money directly. It can be done only through orders of the Court. Please give me Rank Five and follow me after reviewing my resume and book a consultation for further discussion and explanation if required.

    December 19, 2020