20 July 2008
If a person died at the age of 78yrs and he clearly made a will in which entire liabilities and assets belonging to him must be transferred to his wife after his death.
However Insurance Company has name of nominee as his son.
Now on whose name should the Insurance company allot the claim amount for death,Son or wife?
Assuming that the plan is of Cash back Scheme what will be tax treatment?
CAclubindia
