n NISM Certifications
X NISM Series X
Medium

A Will can be revoked or altered by the testator multiple times. What is the instrument used to make minor alterations to a Will?

Practice question from NISM Series XB- Investment Adviser (Level 2) Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Probate

  2. Codicil

    Correct answer

  3. C

    Trust deed

  4. D

    Any one of the above

Why this is the answer

A codicil is a supplementary document used to make minor modifications to an existing Will, and must be executed and attested like the original.

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