What is a ‘CestuquieTrust’?

A. It is a Trust created for People with Minor children.

B. It is a Trust created by people in high-liability occupations

C. It is the person for whose benefit the property is transferred.

D. It is another name for ‘Deed of Trust’

Estate tax is also called ________

A. Succession Tax

B. Voluntary Tax

C. Involuntary Tax

D. Transfer Tax

A will can be made by anyone above _____ years of age in India.

A. 15

B. 16

C. 18

D. 21

____________ is the most basic legal instrument of all Estate Plans.

A. Power of Attorney

B. Will

C. Trust Deed

D. Any one of above

Which of the following statement(s) about Power of Attorney (POA) is/are correct?

A. Only (i)

B. Only (ii)

C. Both (i) and (ii)

D. Neither (i) or (ii)

Which of the following is a way to Revoke a Will?

A. None of the above

B. Both (i) and (ii)

C. Only (iii)

D. (i), (ii) and (iii)

In case of Amputation through shoulder joint, what is the Percentage of Compensation given (as per Workmen’s Compensation Act)?

A. 50%

B. 75%

C. 90%

D. 100%

Which of the following is/are objective(s) of Probate process?

A. (i) and (ii)

B. (iI) and (iii)

C. (i),(ii) and (iii)

D. (i) and (iii)

For which of the following stage of Business Cycle a succession plan is not prepared?

A. Survival

B. Growth

C. Maturity

D. New Growth or Winding Down

Which of the following statement is true?
Exhibit:

A. Only (i)

B. Only (ii)

C. Both (i) and (ii)

D. Neither (i) nor (ii)

As per Payment of Gratuity Act, Gratuity shall be payable to an employee after he has rendered continuous service for not less than __________

A. 2 years

B. 5 years

C. 10 years

D. 15 years

While preparing a Will, the person who is making the Will must declare ________ that he is making the Will in his full senses and free from any kind of pressure. Once the testator completes writing the Will, he must the sign the Will very carefully in presence of at least __________independent witnesses.

A. At the end, Two

B. In the Beginning, Two

C. At the end, One

D. In the Beginning, One