What impact does the reallocation of assets have on the beneficiaries according to a will
Officials state that insurance, PF, and assets are distributed as per the will of the officer, with pension benefits going to the wife.
- Assets: The beneficiaries receive ownership or control of the specific assets mentioned in the will.
- Insurance: The designated beneficiary in the insurance policy will receive the proceeds from the policy.
- Provident Fund (PF): The PF amount will be distributed according to the will among the beneficiaries mentioned.
- Pension Benefits: As mandated by officials, pension benefits go to the wife of the deceased officer and are not reallocated based on the will.
- Legal Process: The reallocation of assets is carried out through a legal process to ensure the will is executed accordingly.
Answered
9 months ago