Claiming a Deceased Relative's Money, Shares and Mutual Funds

A nominee is only a custodian — the money still legally belongs to the deceased's heirs

With a valid nominee, you usually need just a death certificate, transmission form and KYC

No nominee and no will means a succession certificate from a civil court for shares and deposits

Every bank, depository and fund house has a value threshold below which it waives heavy paperwork

Keep certified copies of the death certificate ready — you will need many of them

Read the full story on GeneralNews Read full article →