Estate Planning India Chapter 3

What is Testamentary succession?

Person who writes a will is called:

Who can write a will ?

What is true about codicil except:

An executor appointed may be:

What are the criteria to appoint an Executor?

If the person died without a will or the will did not appoint executors, Court appoints

…………..refers to a copy of the will that is certified by the seal of a court of competent jurisdiction.

To whom Probate cannot be granted?

The critical difference between Probate and Letter of Administration  is :

What does Animus testandi mean?

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:

A transfers property to X for life and then to X’s unborn daughter absolutely when she attains the age of 25 years. X’s daughter was born in 1950 and X died in 1967. The transfer is void because:

A bequeaths her house to X on the condition that X will pay for the education of her surviving children. X refuses to perform this obligation and therefore will not receive the house bequeathed to her:

I give £100 from my current account with X bank to my nephew”. It’s an example of :

”I give my House to A” it’s an:

If the intestate has left a widow and lineal descendants under the ISA Act 1925 Other that Parsi’s

What is the difference between bequest and inheritance?

Which of the following statements are True? (A). Contingent/Conditional Wills: Execution of these wills are dependent on happening of an event and if that event occurs in the future only then the will is to become effective (B). Holograph Wills: Wills which are handwritten by the testator himself are known as Holographic Wills.