Legal Question in Wills and Trusts in India
Joint Accounts - Survivor or Heir
My father passed away and has a joint NRI account in Chennai, India with my step-mother. He has indicated in his will that I receive all the residue from his estate. Will that allow me to claim a portion of the balance in his joint account?
Asked on 7/20/06, 3:49 am
1 Answer from Attorneys
BANKIMCHANDRA SHAH ADVOCATE
DIGVIJAYA CONSULTANCY SERVICES
Re: Joint Accounts - Survivor or Heir
Please note that having joint account does not entitle the ownership of the balance amount. You can claim for the amount as per will.
Answered on 7/20/06, 8:28 pm
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