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NISM Certifications · NISM-Series-X-B: Investment Adviser (Level 2) · Basics of Estate Planning

Mr. Anil Joshi, a Hindu, owns an ancestral flat inherited from his father and also a self-acquired flat. He is considering a will. Which statement about his testamentary freedom is correct?

He can freely bequeath his self-acquired flat by will, whereas ancestral coparcenary property follows its own rules, with only his own interest or share bequeathable. Registration is optional, and Hindus have no one-third limit, which is a rule under Muslim law.

  1. AHe can bequeath his self-acquired flat freely by will, but his undivided coparcenary interest is treated under the rules for coparcenary propertyCorrect
  2. BHe cannot make a will for any property
  3. CHe can will only one-third of any property
  4. DA will is valid only if registered

Explanation

Self-acquired property can be freely disposed of by will. Ancestral coparcenary property is subject to its own rules, and only the person's undivided share can be bequeathed under the law. Registration of a will is optional, and there is no one-third limit for Hindus (that limit applies to Muslims).

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