My father passed away in January 2013, and I’m the legal heir to his property. He had a joint bank account with his daughter-in-law (my eldest brother’s wife) opened in 2009 under an “Either or Survivor” mandate at a major private bank. All his income, mostly house rent, was deposited into this account. I’m wondering about the legal rights of heirs to such accounts. Can we claim the money in the account or request to see the account statements, fixed deposits, etc.?

Apni Law
Apni Law
Law Forum › Category: Property › My father passed away in January 2013, and I’m the legal heir to his property. He had a joint bank account with his daughter-in-law (my eldest brother’s wife) opened in 2009 under an “Either or Survivor” mandate at a major private bank. All his income, mostly house rent, was deposited into this account. I’m wondering about the legal rights of heirs to such accounts. Can we claim the money in the account or request to see the account statements, fixed deposits, etc.?
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Apni Law Staff asked 1 year ago

My father passed away in January 2013, and I’m the legal heir to his property. He had a joint bank account with his daughter-in-law (my eldest brother’s wife) opened in 2009 under an “Either or Survivor” mandate at a major private bank. All his income, mostly house rent, was deposited into this account. I’m wondering about the legal rights of heirs to such accounts. Can we claim the money in the account or request to see the account statements, fixed deposits, etc.?

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Apni Law Staff answered 1 year ago

As the legal heir, you have the right to claim the funds in the joint account, subject to your brother’s wife’s rights under the ‘Either or Survivor’ mandate. You can request access to account statements and details of fixed deposits as these are part of your father’s estate and relevant to your inheritance. It’s advisable to consult a lawyer to understand your specific rights and legal procedures.

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