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We are NRI-focused platform, having expertise in international tax, inheritance laws, and Indian legal frameworks. We are backed by technology.

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Our Blogs

What is the Standard Format for Drafting a Will in India?
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Is Your Foreign Will Valid in India? A Comprehensive Guide
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Types of Wills for NRIs
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What Women need to know to deal with divorce proceedings financially?
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How are property, jewellery divided after a divorce in India for husband?
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How men can protect their finances while going through a divorce
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How can NRI plan for inheritance of the Digital assets?
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About Estate duty for NRI in US
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Hindu Undivided Family (HUF) and its Tax Implications for NRIs in India and the U.S. FOR NRI
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HUF FOR NRI
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Key steps to split property between children:
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6 cases where you can lose the right to inherit property:
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Here are key points about HUF and how it can be setup in india?
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Ways how property can be transferred after owner's death?
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Gift or will: Which is a better way to inherit property?
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Nomination vs Will: Key Differences
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Should NRIs make separate Wills for assets in different countries?
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Major checkpoints for a will
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What if I die without making a Will?
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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?

 

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