3. Shares

       About 75 to 80 per cent people invest in shares and debentures even in this investment you can nominate a person as a nominee. According to Section 109(A) of the Companies Act you can choose a nominee for your shares and debentures at any point of time. Thus nominees will be the owner for all your shares and debentures after your death but if you have drafted a Will then even your legal heirs can have rights on the shares. If the Will is not drafted before your death then the real owner will be your nominee after you.

4. Public Provident Fund

        Public Popular Fund comes under the list of popular funds chosen by the people. Central Government came out with this scheme under the name PPF (Public Provident Fund) Act of 1968. Provident fund is a scheme for long term savings which was started by government to provide employees with the retirement security. Once you open your PPF account always ensure to have a nominee for your account which will help the nominee to receive the fund wholly after your death. If there are no nominees then your legal heirs will only get 1 lakh that too after several formalities.

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