News Preview
Bank account nominee dies before the holder? Know what happens to the money
If a bank account nominee dies before the account holder, the nominee's share is treated as part of the deceased nominee's estate. Legal heirs may need to claim the money through succession proceedings, following the latest rules on simultaneous and successive nominations.
Want to stay up to date with the world events at sea or at home?
Explore Navvyx News - the best News app for seafarers.