NISM Certifications · NISM-Series-X-B: Investment Adviser (Level 2) · Tools for Estate Planning
Under the Indian Succession Act, 1925, which of the following is a valid feature of a will made by a testator?
A will can be revoked or changed by the testator at any time during his lifetime, even if it is registered. It operates only after death, and registration is optional, so it does not make the will irrevocable.
- AIt is revocable by the testator at any time during his lifetimeCorrect
- BIt becomes irrevocable once it is registered
- CIt takes effect from the date it is signed
- DIt can be made only by a person above 60 years of age
Explanation
A will is ambulatory in nature and takes effect only after the death of the testator. Until then the testator may revoke or alter it, even if it was registered. Registration is optional and does not make it irrevocable. A person of sound mind who is a major can make a will.
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