NISM Certifications · NISM-Series-X-B: Investment Adviser (Level 2) · Basics of Estate Planning
Which statement about a will under the Indian Succession Act, 1925 is correct?
A will takes effect only after the testator's death and can be revoked or changed at any time during their lifetime. Registration is not mandatory, and two attesting witnesses are required, not three.
- AA will becomes effective only after the testator's death and can be revoked during the testator's lifetimeCorrect
- BA will must be compulsorily registered to be valid
- CA will must be attested by at least three witnesses
- DA will once made is irrevocable
Explanation
A will operates only after death and may be revoked or altered anytime while the testator is alive and of sound mind. Registration is optional, and the requirement is two attesting witnesses, not three.
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