Nomination for bank deposit who is not beneficiary?

Querist : Anonymous (Querist) 29 May 2010 This query is : Resolved
My father in law wants to nominate my wife who is her daughter & than transfer to his son after death?any tax?

For Bank Fixed Deposit My father in law wants to nominate my wife who is her daughter and than after his death he his asking my wife to give that money to his son who is American citizen, Is there any tax complication or is there any other way

My father in law is not making here beneificiary , but using her for name to transfer money to his son

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