Law · Estate Planning and Indian Succession Act
Consider the following statements regarding Estate Planning in India: Statement I: A Will executed in India must be mandatorily registered with the Sub-Registrar of Assurances to be legally valid and enforceable in a court of law. Statement II: A Private Family Trust can be created for the benefit of specific family members, where the 'Settlor' transfers the legal ownership of assets to the 'Trustee' for the benefit of the 'Beneficiaries'. Statement III: Under the Indian Succession Act, 1925, a 'Probate' is a certified copy of the Will under the seal of a court of competent jurisdiction and is mandatory for Wills executed in certain presidency towns. Which of the following statements are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I, II and III
- 2Only II and III✓
- 3Only I and II
- 4Only I
Correct answer
Only II and III
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