Find
Several assets pass outside the Will regardless of what the Will says, they go directly to the nominee or by statute. This is the most misunderstood area of Indian estate planning.
Estate planning · Will
What cannot be bequeathed by Will
Updated . Every paid answer is checked by a CA. Free AI answers are labelled until a CA verifies them.
Provisions
Hindu Succession Act 1956 | Indian Succession Act 1925, Sec 61
Analysis
Several assets pass outside the Will regardless of what the Will says, they go directly to the nominee or by statute. This is the most misunderstood area of Indian estate planning.
Close
- PF/EPF, goes to nominee on Form 2. Will cannot override this.
- Life insurance, goes to nominee named in policy. Will cannot override.
- Joint property (survivorship), passes to surviving joint owner, not Will beneficiary
- HUF property, governed by coparcenary rights, not individual Will
- Ancestral property, subject to Hindu Succession Act class I heirs, not solely your Will
- Trust assets, governed by trust deed, not Will
Connect now
A Savvy replies in minutes.
Fixed price before you pay. Your Savvy is paid only after you accept the work.
General guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.