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bhavinkshah   15 May 2015

Rights of pension fund nominee vs legal hair

Hi Friends

If a person under Provident fund scheme has nominated somebody to receive the fund post to the death, I want to know that the amount will go to nominee or to All legal heirs.

Eg. Wife nominates only childs. Is husban also eligible to ge tthe money as legal heir.

 

 



 5 Replies

bsrao   15 May 2015

The nominee is entitled for the funds after the death of the nominator. Legal heirs will come into picture if there is no nomination.

AAK (Advocate)     15 May 2015

I disagree with the veiws expressed by Mr.bsrao. Nominee will be just acting as trustee for such amount. Only legal heirs will be entitled for that amount.

Sudhir Kumar (Retd Govt Officer)     16 May 2015

legal heirs have nothing to do in case of provident fund.

 

I will react further when you spell out which provident fund it is.

Sudhir Kumar (Retd Govt Officer)     20 May 2015

female empoyee has option to exclude spouce from nomination and it is bindi nomination

YOu are not coming with full facts.

Sudhir Kumar (Retd Govt Officer)     20 May 2015

repeated

 

https://www.lawyersclubindia.com/forum/Rights-of-pension-fund-nominee-vs-legal-hair-121139.asp#.VVyVMVKupVJ


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