NISM Certifications · NISM-Series-X-B: Investment Adviser (Level 2) · Basics of Estate Planning
Mr. Raghunath Iyer, a Hindu bachelor aged 60, dies intestate leaving self-acquired assets. He is survived by his mother and a brother. Under the Hindu Succession Act, 1956, who is the first in line to inherit his property?
The mother alone inherits first. For a Hindu male dying intestate, Class I heirs, which include the mother, take before Class II heirs such as brothers. Since the mother is alive, the brother is excluded from succession.
- AHis brother alone
- BHis mother aloneCorrect
- CHis mother and brother equally
- DHis father's heirs
Explanation
For a Hindu male dying intestate, Class I heirs inherit first. These include the mother, children, widow and children of a predeceased son. The mother is a Class I heir, while the brother is a Class II heir who inherits only when no Class I heir exists. So the mother takes everything.
Did you get it right without looking?
One question tells you little. A timed set on Basics of Estate Planning shows your real accuracy, how long you take and where you lose marks.
More Basics of Estate Planning questions
- In estate planning, the person who makes a will and directs how his assets are to be distributed after death is called the:
- Ms. Kavya Menon wants to leave her flat to her niece but wishes to retain the freedom to change her mind at any time during her lifetime. Wh…
- Mr. Arvind Kulkarni, a Hindu, executed a will in 2015 leaving his flat to his son. In 2022 he executed a later will leaving the same flat to…
- Anil Kapoor, aged 55, has a letter dated 2015 in which he says his house goes to his son. In 2022 he made a registered will leaving the hous…
- A person who is appointed in a will to administer the estate and carry out the wishes of the testator, and who must obtain probate where req…
- Which of the following statements about a will under Indian law is correct?