Nominee vs Heir: The Cash Confusion Unraveled

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Nominee vs Heir: The Cash Confusion Unraveled

Here's the lowdown: your nominee for provident fund or gratuity is just a delivery person, not the cash owner! If you've got a Will, it takes the cake, meaning the nominee must hand over the cash to the real heirs. Keep those nominations fresh, or you might spark a family showdown over who gets the loot!