CTEP TEST-2

What kind of legal process is one in which a copy of a will is certified under the seal of a court of competent jurisdiction, and which grants the administration to the testator, thus legalizing the acts of an executor?

Starc and Duplesis herited their family cottage along with their half-brothers John and Max all having equal share. They enter an ownership agreement whereby each share of the property shall not be transferred or sold outside and shall devolve to the survivors only. What from of ownership would this refer to?

A, a Sunni Muslim, has made a bequest in favour of his grandchild who has been conceived at the time of his death. The grandchild is born eight months later. B, a Shia Muslim has made a bequest in favour of her nephew who has been conceived at the time of her death. The nephew is born two months later. Which of the above bequests is/are valid?

Your client Z, an Indian Christian executed a Will, appointed B as executor, and under which he has bequeathed his villa in Mumbai to his nephew, A. During the lifetime of Z, A dies in a car accident. What is the effect on the bequest made to A?

Your client A, a Hindu female, wishes to add the name of her newborn granddaughter as a beneficiary under her will. How would you advice A to revise her will in the most legal and efficient manner?

Which religion group in India is governed by their personal religious law in respect of both testamentary and intestate succession?

Which of the following statement describing the attributes of trusts is most likely correct?

What type of will is not required be attested by two witnesses to be considered a valid will?

Philip & Angela inherited the family cottage from their parent. Neither has children. Their parents wish was that on death of one of the children the property will pass to the other one. This arrangement cannot be suspended by a will. What form of ownership this handling of the estate distribution purpose most likely refers to?

You are executor of A’s will. Which of the following acts do not require the consent of the beneficiaries named under the will?

Jose died intestate leaving a net estate of Rs. 560,000. Alice is survived by husband, Kieth and her two adult children, Paul and Jacob. The territory’s intestate distribution laws provide for the estate to be distributed 4/7 to the spouse and the remaining among the children in equal shares. What would be the distribution to each of her children?

Probate is the process of administrating estate assets that pass according to a person’s last will and testament. Probate costs money-court costs, lawyer, notification of heirs, etc. which one of the following probate is most likely true?

The Hindu succession amendment act 2005 is considered to be a landmark amendment to Hindu law. Which of the following concepts was introduced by this law?

A owns property or share in XYZ cooperative housing society and has named your client B as nominee. What are B’s rights to the property or shares after A’s death?

A and B are cousins having the same paternal grandfather C, who is an Indian Christian. If C dies intestate, A and B are considered to be related to C in what degree of kindred?

How does the married woman’s property act help in estate planning?

Which is the type of ownership that permits two or more people holding a property jointly to have their distinct interest which they can freely transfer?

To create a will you don’t require.

A will should be reviewed after every event except.

Estate Planning ensures.

A man may lawfully make a gift of his property to another during his lifetime is called?

Which one of the following can be a ground for disqualification under Hindu Succession Act, 1956?

The natural guardian of a minor Hindu boy is

Hindu and Muslim laws are

If a Muslim gentleman dies, leaving behind his widow,a sister and a son, then how would the property be distributed? (i) Widow and the sister, being sharers, would first take their specified share (one eighth and one half respectively) and the son would take the balance. (ii) The sister will not get share (as the existence of a son would totally exclude her, leaving her with no share at all), widow would take up one eighth and
the son would take the residue (say, seven eights).

Which one of the below statement(s) is/are incorrect?

(I) Gift received from other than relative exceeds Rs 25000 then that amount is liable to tax
(II) Gift received from other than relative exceeds Rs 50000 than that amount is liable to tax.

Which of the following is/are the necessary contents of a will?
(I) In writing
(II) Full name and addresses of the attesting witnesses below their signatures
(III) Signed by testator who is major and of sound mind
(IV) Disposition of his property to take effect after death

Which of the following is/are the desirable contents of a will?

(I) Attestation by two witnesses
(II) Full name and addresses of the attesting witnesses below their signatures
(III) Appointment of two or more executors jointly or in alternative
(IV) List of properties at the time of making a Will

The Hindu Succession (Amendment Act), 2005 came into force from

To whom Probate cannot be granted?

The critical difference between Probate and Letter of Administration is :

The testator bequeaths a property to Arjun. Arjun dies before the testator; the legacy lapses and forms part of the residue of the testator’s property. This is an example of

Which act governs a Private Trust ?

In case beneficiaries are public at large viz. charitable or religious trust these are

For a special child with disabilities what can be the best way to pass the assets to such child

What is not true about probate?

What is not true regarding attestation of a valid will?

Gaurav wants to create a trust where he wants to specify the beneficiaries, their share & simultaneously. He wants to ensure the assets are free from creditor’s claim. What Kindy of trust he shall go for?

What is among not an advantage of creating a private family trust for succession planning?