Insights

Estate planning

Make it easier for your family to locate accounts and understand your wishes. Nominations and wills serve different purposes; the legal effect of a nomination depends on the asset and applicable law.

Organise your estate planning documents

Nominee and legal heir: why the asset matters

A nomination identifies a recipient for an account or policy, but its effect on ownership depends on the asset and the law that governs it. Do not assume that every nominee is merely a trustee, or that a will always overrides a nomination. Review both together with a qualified legal professional.

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