Distribution of property by will
ars
(Querist) 11 August 2015
This query is : Resolved
A' expired after making a will.
all the moveable and immoveable properties are listed therein with the names of the beneficiaries, except his holding in shares. though the name of the companies are mentioned in the will, their numbers and names of beneficiaries are not mentioned.
to whom and how much the shares to be distributed??
Kumar Doab
(Expert) 11 August 2015
If nomination is registered in equity shares then nominee may gain all shares.
Nomination in equity shares grants ownership after death of owner (unlike Bank/PO etc).
Rajendra K Goyal
(Expert) 12 August 2015
The company name mentioned in the will, language need to be referred and the shares would be distributed in accordance with the will.
ars
(Querist) 12 August 2015
Sir,
the shares are in physical formats and in the sole ownership of the deceased.
no nomination registered with the companies.
the name of the companies are mentioned in the will. what is not mentioned is the quantity / name/s of the heir/s to be benefited.
can the legal heirs with the help of the executor arrive at a decision to distribute the shares in the pattern of the other immovable properties distributed in accordance to the will?
