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

Mrs. Meera Iyer has made a will naming her son Arjun as executor. After her death, Arjun applies to a court to get the will officially recognised so that he can deal with her assets. What is this court-issued certification of the will called?

The certification is called probate. It is granted by a court to the executor named in the will, certifying that the will is genuine and authorising the executor to administer the estate. Letters of administration apply where no executor is named.

  1. ALetters of administration
  2. BSuccession certificate
  3. CProbateCorrect
  4. DLegal heir certificate

Explanation

Probate is a court-certified copy of the will granted to the executor named in it, confirming its genuineness. Letters of administration are used when there is a will but no executor or when there is no will. A succession certificate relates to debts and securities of an intestate deceased, and legal heir certificate is an administrative document.

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