BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Detailed explanation-1: -Therefore, it is advisable that she should make a will because only a valid will can supersede intestate succession law as per HSA. Another benefit of a Will is that you can alter a specific person’s share of your property, too. Although there is no compulsion to register the Will, do it for your own convenience.
Detailed explanation-2: -A transfer of any property can also be made by way of execution of a will but the vesting of the property will take effect, after the death of the person executing the will. As per the prevalent laws, a will is neither required to be stamped, nor is it required to be registered.
Detailed explanation-3: -A will is a written document that allows individuals to direct the way their inheritance would be maintained and divided after their demise. A testament was being used to deal with personal possessions at common law, while a will was used to transfer real estate property.
Detailed explanation-4: -According to Section: 30 of ‘Hindu Succession Act, 1956’ provides that any Hindu may dispose off by will or other testamentary disposition any property, which is capable of being so, disposed of by him in accordance with law. Keep your Will simple.