Login
Contact Us
Home
Service
DIY Tools
Check Your Tax Residency Status
DTAA Between US & India
DTAA Between UK & India
Check Your Tax On Investment
TDS on Property
Tie breaker Residency as per DTAA
Applicability of 15 CA/CB
Applicability of TCS
NRI Foreign transfer limit
Choose correct kind of Bank/Demat Account
FDI Limits
Incomes Taxable in India
Investment India VS USA
Sale Value of Property
Rent Value of Property
Create Your Rent Agreement
About Us
Community
Login
Contact Us
Our
Blogs
What is the Standard Format for Drafting a Will in India?
Read More
Is Your Foreign Will Valid in India? A Comprehensive Guide
Read More
Types of Wills for NRIs
Read More
What Women need to know to deal with divorce proceedings financially?
Read More
How are property, jewellery divided after a divorce in India for husband?
Read More
How men can protect their finances while going through a divorce
Read More
How can NRI plan for inheritance of the Digital assets?
Read More
About Estate duty for NRI in US
Read More
Hindu Undivided Family (HUF) and its Tax Implications for NRIs in India and the U.S. FOR NRI
Read More
HUF FOR NRI
Read More
Key steps to split property between children:
Read More
6 cases where you can lose the right to inherit property:
Read More
Here are key points about HUF and how it can be setup in india?
Read More
Ways how property can be transferred after owner's death?
Read More
Gift or will: Which is a better way to inherit property?
Read More
Nomination vs Will: Key Differences
Read More
Should NRIs make separate Wills for assets in different countries?
Read More
Major checkpoints for a will
Read More
What if I die without making a Will?
Read More
Nomination vs Will: Key Differences
Facilitates smooth transfer of funds from financial institutions to the nominee upon death:
Feature
Nomination
Will
Purpose
Facilitates smooth transfer of funds from financial institutions to the nominee upon death.
Determines the rightful owner of assets/funds after the person's death.
Legal Standing
Nomination is a secondary document.
A will is a legally binding document that overrides nomination.
Effect
Nomination ensures funds reach the designated nominee.
The will determines who ultimately inherits the assets.
Relationship to Succession Acts
Nomination is secondary to succession laws (e.g., the Hindu Succession Act).
The will overrides succession laws.
Process
The simple process of designating a nominee on financial instruments.
Requires drafting a legally valid document and following specific procedures.
Also Read:
Should NRIs make separate Wills for assets in different countries?
Our Blogs
What is the Standard Format for Drafting a Will in India?
Read MoreIs Your Foreign Will Valid in India? A Comprehensive Guide
Read MoreTypes of Wills for NRIs
Read MoreWhat Women need to know to deal with divorce proceedings financially?
Read MoreHow are property, jewellery divided after a divorce in India for husband?
Read MoreHow men can protect their finances while going through a divorce
Read MoreHow can NRI plan for inheritance of the Digital assets?
Read MoreAbout Estate duty for NRI in US
Read MoreHindu Undivided Family (HUF) and its Tax Implications for NRIs in India and the U.S. FOR NRI
Read MoreHUF FOR NRI
Read MoreKey steps to split property between children:
Read More6 cases where you can lose the right to inherit property:
Read MoreHere are key points about HUF and how it can be setup in india?
Read MoreWays how property can be transferred after owner's death?
Read MoreGift or will: Which is a better way to inherit property?
Read MoreNomination vs Will: Key Differences
Read MoreShould NRIs make separate Wills for assets in different countries?
Read MoreMajor checkpoints for a will
Read MoreWhat if I die without making a Will?
Read MoreNomination vs Will: Key Differences
Facilitates smooth transfer of funds from financial institutions to the nominee upon death:
Feature
Nomination
Will
Purpose
Facilitates smooth transfer of funds from financial institutions to the nominee upon death.
Determines the rightful owner of assets/funds after the person's death.
Legal Standing
Nomination is a secondary document.
A will is a legally binding document that overrides nomination.
Effect
Nomination ensures funds reach the designated nominee.
The will determines who ultimately inherits the assets.
Relationship to Succession Acts
Nomination is secondary to succession laws (e.g., the Hindu Succession Act).
The will overrides succession laws.
Process
The simple process of designating a nominee on financial instruments.
Requires drafting a legally valid document and following specific procedures.
Also Read: Should NRIs make separate Wills for assets in different countries?