Suppose a person dies without a Will. What is the best process to do the death claims. There will be several things like bank accounts, LIC policy, PPF, PF and some immoveable property also.
This has happened to one of my relatives family. A young family member has died. He was not married and he is survived by a mother, brother and sister. There are couple of things like LIC policy, PPF, bank accounts and some immoveable property also which needs to be settled. Everything is self earned. Nothing is ancestral property. For some things he had made father as the nominee and father is also not alive anymore. Things have become little difficult due to that. For some things he has not done any nomination at all.
Under such circumstances what is the best way for the family to deal with such things. There is no dispute in the family regarding succession. Surviving kids want everything to be transferred in the name of their mother. How can all that be done, can anyone please suggest. What is the best way to handle things in the absence of will, nominations and things like that.
Any valueable piece of advice in this regard is highly appreciated.
Thanks in advance.