Nominees Don't Inherit: Your Will, Not Nomination, Decides Heirs

• In Indian law, a nominee is typically a custodian for assets, not the final owner or legal heir.
• Financial institutions use nominees for administrative convenience to release funds quickly, not to determine ownership.
• A will legally dictates asset distribution and overrides nominations, ensuring assets go to the intended beneficiaries.
• Misunderstanding the role of a nominee often leads to family disputes over inheritance.
• For clear and dispute-free asset transfer, it is crucial to both update nominations and draft a comprehensive will.

Why It Matters: Don't confuse nominees with heirs; this distinction prevents future inheritance conflicts.