Make wife a nominee for all financial accounts
After all, the reason why a person earns money is so that he can improve his and his family’s future financially. Whatever money we earn, we save a part of it for future needs. But this is life, of which there is no trace. No one knows what will happen tomorrow, how it will happen. But everyone knows that if you, the head of the household, is no more, then many kinds of problems may arise for his family. God forbid any family ever has to go through this kind of situation. But along with this, it is also important that we be prepared today to face the bad situations of tomorrow.
Make wife a nominee for all financial accounts
If you are not there tomorrow, then the entire responsibility of your house will fall on your wife. But it is very important to have money to take care of the household responsibilities. Without money you will have no work. In such a situation, it is very important to make your wife a nominee in all your savings accounts, investments etc. So that after you, your wife gets the money deposited in your bank account, FD, EPFO, mutual fund, stocks etc. without any hassle and after you, your wife can run the family with strength.
Along with wife, parents can also be made nominee
In today’s time, there are many people who have not made anyone a nominee for their bank account, FD, EPFO account. Whereas in such cases it is very important to make a nominee. If you want, you can make your wife as well as your old parents as nominees. Let us tell you that in case of not making a nominee, your family may have to go through many complex procedures. In such a situation, your family will have to collect many types of documents. This entire process is not only complex but also quite lengthy, which also costs a lot of money.
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