Kerala High Court Settles Major Legal Question on Bank Locker Inheritance Rights A registered Will takes legal precedence over joint bank locker agreements, the Kerala High Court has ruled. In a significant decision, Justice Easwaran S. determined that account holders can bequeath locker contents to third parties without consent from joint holders, even when "either or survivor" clauses exist in locker agreements. The case involved 180 sovereigns of gold ornaments where a mother's registered Will favored another family member over her daughter, who jointly held the locker. The daughter's claim based on the survivorship clause was rejected. This ruling clarifies testamentary rights and establishes that inheritance through documented Wills cannot be overridden by standard banking agreements, providing important guidance for estate planning and asset protection.
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