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Trace All Assets Systematically
- List all assets clearly, including bank accounts, mutual funds, insurance, and loans.
- Ensure you have access to phone and email passwords to trace these assets effectively.
Nominees Are Custodians Only
- Nominees on accounts matter but are custodians, not owners.
- Nominees must distribute assets according to legal heirs, not just keep them.
Demat Accounts Ease Transfers
- Demat accounts simplify transfer of multiple investments with one process.
- Mutual fund units held in demat transfer automatically to nominees without separate requests.