POSTED BY July 23, 2014 6:42 pm ONE COMMENT
ONHello All,
In my case, the amount of reward/claim for my father’s death will be given in four equal parts among us family members: Me, my mother & both of my sisters. Now, the cheques & FDs will have the name on it as they were at the time of my father’s death. Both of my sisters got married in between, and as a result, both of them have now different middle name & last name. Now, none of them have any bank account before marriage.
My question is: What to do in this case? Also, any better solution to this problem is always welcome.
P.S. : We have a join account (Me & both of my sisters – 3 persons) with their name name(s) after marriage (i.e., changed) & I am planning to have the amount and FDs to be deposited/linked with that account.
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Have you asked the insurance company whether they can issue a cheque with new name ? I hope you have all the supporting documents like marriage, name change certificates of your sisters…..