Question

60x64
Basit Latif
Question

A person having 3 children,get insurance. he make his nominee only one child. is it legal and safe way to protect the future of one child?

Answer by Lawyer

Answer

yes.if the policy has been taken for that child and ll be paid to her when she ll be major. then it ll be safe.

Answer

nominee is not inheritor and all the children have right on succession.. nominee only has the duty to distribute share among the inheritors and its not safe if its disclosed to all.