Nominee vs legal heir: key differences explained

A nominee is a custodian who holds assets on behalf of the legal heir, not the automatic owner.

Legal heirs inherit assets as per succession laws, while nominees only receive assets on behalf of heirs.

If no will exists, the legal heir's rights are determined by personal succession laws based on religion.

Naming a nominee does not override the inheritance rights of legal heirs under succession laws.

Families should create a clear will to avoid disputes between nominees and legal heirs.