n NISM Certifications
X NISM Series X
Medium

What is the term for the person who prepares and executes a Will?

Practice question from NISM Series XB- Investment Adviser (Level 2) Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Testator

    Correct answer

  2. B

    Deceased

  3. C

    Executor

  4. D

    Beneficiary

Why this is the answer

The testator is the individual who creates and signs the Will, which takes effect after their death; the executor administers the estate.

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