n NISM Certifications
X NISM Series X
Medium

The term “dying intestate” refers to a person who passes away without leaving a valid will, or whose estate is not disposed of by a testamentary document, leading to the estate being distributed as per laws of succession.

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

Options

  1. A

    A person is deemed to die intestate in respect of property of which he or she has not made a testamentary disposition capable of taking effect

  2. B

    The descendant does not leave behind a Valid Will

  3. Both of the above

    Correct answer

  4. D

    None of the above

Why this is the answer

Dying intestate means the individual has no valid will or testamentary disposition, and their estate is then governed by the applicable succession laws.

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