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

Which of the following statements about a will under Indian law is correct?

A will can be revoked or altered by the testator at any time during his lifetime provided he is of sound mind. It operates only after death, registration is optional, and no court approval is required while the testator is alive.

  1. AA will becomes effective from the date it is signed by the testator
  2. BA will can be revoked or altered by the testator at any time during his lifetime, as long as he is of sound mindCorrect
  3. CA will must be compulsorily registered to be valid
  4. DA will requires approval from a court before the testator's death

Explanation

A will is ambulatory, meaning it takes effect only after the testator's death and can be changed or revoked at any time while he has testamentary capacity. Registration is optional, not mandatory, and no court approval is needed during the testator's life. So only the revocability statement is correct.

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