Quick answer: A nominee is the person who receives your money first. A legal heir is the person who owns it under the law or your will. In most cases, a nominee is only a trustee and must pass the money to the legal heirs. Insurance has a special rule for spouse, children and parents.
Direct Answer: Legacy planning is the process of organising your will, nominations, insurance, and assets so your family inherits clarity instead of confusion. It goes beyond estate planning’s legal paperwork to also cover how your wealth supports your family’s future — and in India, a missing or outdated plan is what usually causes years of
Investments in Mutual Funds are subject to Market Risks. Read all scheme related documents carefully before investing. Mutual Fund Schemes do not assure or guarantee any returns. Past performances of any Mutual Fund Scheme may or may not be sustained in future. There is no guarantee that the investment objective of any suggested scheme shall be achieved. All existing and prospective investors are advised to check and evaluate the Exit loads and other cost structure (TER) applicable at the time of making the investment before finalizing on any investment decision for Mutual Funds schemes. Before making an investment, please contact the investment expert at Deepak Wealth Framework for designing a portfolio that suits your needs. We deal in Regular Plans only for Mutual Fund Schemes and earn a Trailing Commission on client investments. Disclosure For Commission earnings is made to clients at the time of investments. Option of Direct Plan for every Mutual Fund Scheme is available to investors offering advantage of lower expense ratio. We are not entitled to earn any commission on Direct plans. Hence we do not deal in Direct Plans.
AMFI Registered Mutual Fund Distributor | ARN - 328771 | Date of Initial Registration: 14/05/2025 | Current Validity: 13/05/2028.
