Heirs' Checklist: Claiming Property, EPF, FDs, Mutual Funds, and Lockers After Death

Imagine someone you know passes away, and they left behind things like a house, money in the bank, or special savings.

It's like a treasure hunt to figure out who gets what!

If they named a helper (a nominee) for their savings or accounts, it's usually easier.

The helper just needs to show a death certificate and some papers.

But if no helper was named, it gets trickier.

You might need a special paper from a judge to prove you are the right person to get the money or property.

For a house, you need to officially change the owner's name in the town's records.

Sometimes, even getting into a safe deposit box at the bank needs extra steps if no helper was named.

For work savings like EPF, the helper or family can claim it.

It's important for people to write down all their important things and who should get them, and tell their family where that list is.

This helps everyone later and stops fights.