NISM Certifications · NISM-Series-X-B: Investment Adviser (Level 2) · Basics of Estate Planning
Under the Indian Succession Act, 1925, what is the term for a person who makes a will and disposes of property through it?
The maker of a will is called the testator. The executor is the person named to give effect to the will, a legatee is a beneficiary who receives a bequest, and an administrator is appointed by a court when no executor exists.
- ATestatorCorrect
- BExecutor
- CLegatee
- DAdministrator
Explanation
The person who makes a will is called the testator. The executor is the person appointed in the will to carry out its terms. A legatee is the person who receives a bequest, and an administrator is appointed by a court when there is no executor.
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