What Is Nomination?
Tuesday, December 20, 2016, 7:07 PM
If you have assets you need to make a nomination where you state who inherit these assets on your death. The person you appoint is the nominee. The nominee transfers your wealth to your heirs (Children).The nominee is not the owner/inheritor of your wealth. He is a protector/trustee of your wealth and makes sure your beneficiaries (heirs) receive the money.