The nominee is only a custodian or trustee, and not the owner of the assets in most cases
All your efforts to secure your family against financial uncertainties in case of your demise can come to nought if you don’t file your nominations properly. Your loved ones may end up going through a time-consuming process and a tedious process to claim your assets after your demise. A nominee is the safe-keeper of the assets in case of the demise of the owner. We tell you some of the important things to keep in mind when filing a nomination.