NISM Certifications · NISM-Series-X-B: Investment Adviser (Level 2) · Tools for Estate Planning
Mr. Iyer, a Hindu resident, has made a registered will leaving his flat to his daughter. He wants to reduce the chance of the will being disputed after his death. Which step is most directly helpful?
Attestation by two witnesses who see him sign, along with proof of sound mind at the time of execution, best reduces the risk of dispute. A will needs the testator's signature and at least two attesting witnesses to be validly executed.
- AHaving the will attested by two witnesses, each of whom is present when he signs, and keeping a medical fitness record at the time of signingCorrect
- BHaving only his daughter sign as the sole witness
- CLeaving the will unsigned so that it can be treated as a draft
- DMaking a nomination for the bank account and discarding the will
Explanation
A will needs to be signed by the testator and attested by at least two witnesses who see the signing. A contemporaneous record of sound mind strengthens it against challenge. A beneficiary as sole witness or an unsigned will weakens or invalidates it, and a bank nomination does not replace a will.
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