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Estate Planning, Trusts, and Succession — Quiz

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We've shown 2 questions below as a teaser. 6 more questions unlock with a free account, plus instant grading, explanations citing the module section, and a certificate when you pass.

Question 1 (teaser)

A nomination on a mutual fund makes the nominee:

1. The legal owner of the assets after the holder's death 2. A custodial trustee to whom the AMC releases the assets — but the legal heirs (per Will or succession law) determine final ownership 3. Eligible for half the assets 4. A power of attorney

Question 2 (teaser)

Indian inheritance tax on inherited assets (other than future income) is currently:

1. 10% 2. 20% 3. 30% 4. Zero — India does not have estate or inheritance tax (currently)