BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS LAW

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
____ courts administer wills and estates.
A
appellate
B
trial
C
probate
D
none
Explanation: 

Detailed explanation-1: -As per the Indian Succession Act, 1925, the probate of a Will means the copy of a Will certified by the court’s seal stating the document’s validity, genuineness and finality. It is not mandatory, but highly advisable to probate a Will to avoid any future complications arising during the distribution of property.

Detailed explanation-2: -Probate can be granted only to the executor of the will. It is necessary if the will is for immovable assets in multiple states. Probate is conclusive proof that the will was executed validly, is genuine, and is the deceased’s last will.

Detailed explanation-3: -One needs to submit certain documents that can verify the genuineness of the will, death certificate and other documents. These will prove that the testator had free will. When the court receives the application, it verifies all the details. Then it invites the nearest kin of the deceased for claiming the probate.

Detailed explanation-4: -An Act to provide for the grant of Probates of Wills and Letters of Administration to the estates of certain deceased persons. 1. Short title, extent and commencement. ––(1) This Act may be called the Probate and Administration Act, 1977.

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