Probate is the official proof of the validity of the Will and the executor's authority to administer the estate. It is mandatory for Wills executed in certain presidential towns involving immovable property.

A standard POA ceases if the principal loses mental capacity. A Durable POA contains a specific clause allowing it to continue, which is crucial for managing the affairs of elderly clients.

The Settlor (or Author/Grantor) creates the trust. The Trustee manages it. The Beneficiary receives the benefits. This structure helps in protecting assets and managing succession.

In case of Intestacy, the law determines the heirs. For Hindus, Class I heirs (Mother, Widow, Children) have the first right to the property.

Any coparcener can demand partition of the HUF property. After the 2005 Amendment, daughters are coparceners and have the same rights as sons.

An Executor is named in the Will. If no executor is named, the court appoints an "Administrator". The Executor derives authority from the Will itself.

A Will is a testamentary document of an individual. An HUF continues to exist even after the death of the Karta. Individual coparceners can bequeath their *share* in the HUF, but the HUF itself cannot make a Will.

A POA is an agency relationship. The authority of the Agent dies with the Principal. The legal heirs must take over.

Succession Certificate validates the heirs' right to collect debts/securities due to the deceased. For Immovable property, a "Letter of Administration" or Probate is usually needed, or simple mutation based on legal heirship.

A Nominee is merely a trustee/custodian who receives the money from the bank to discharge the bank. The ultimate owner is the Legal Heir as per the Will or Succession Law.

This amendment was a landmark step for gender equality, granting daughters equal coparcenary rights in HUF property.

A fiduciary relationship implies the highest standard of care and loyalty. The trustee must manage the trust property solely for the benefit of the beneficiaries, not for personal gain.

Unlike a normal Will (for property), a Living Will deals with health decisions (Right to die with dignity/Passive Euthanasia), recognized by the Supreme Court of India.

A beneficiary is the person for whose benefit the trust is created. A minor, being incompetent to contract, cannot be a trustee but can certainly be a beneficiary.

The executor acts as a fiduciary to carry out the testator's instructions, settle liabilities, and ensure beneficiaries receive their share.

HUF has perpetual succession. It is not affected by the death of the Karta. Management passes to the next senior member.

In a revocable trust, the transfer is not permanent. The Settlor can take back control. Consequently, income from such a trust is usually taxable in the hands of the Settlor (Clubbing provisions).

Under the Registration Act, any document (including POA) conferring authority to sell or create rights in immovable property requires mandatory registration.

Currently, there is no inheritance tax in India. Assets received under a Will or inheritance are also exempt from Income Tax under Section 56(2).

In a Trust, the Legal Title (ownership on paper) lies with the Trustee, while the Beneficial Title (right to enjoyment) lies with the Beneficiary.

Under the Indian Succession Act, a Will must be signed by the testator in the presence of at least two witnesses, who must also sign the Will.