Money Basics · Advanced
Wealth succession and estate basics
Wills, nominations, joint holding and family structures: how wealth passes on, and how to avoid disputes.
What is inside
5 short lessons. Each ends with a quiz, so you know what you have learnt.
The essentials
- Why plan
- Wills
- Nomination and joint holding
- Family structures
- Keeping it organised
Key ideas you will take away
- No will means law decides.
- Legal heirs have rights.
- Name an executor.
- Use two witnesses.
- Nominee is not always owner.
- Match nominees with the will.
Try a question
Q1. Which statement best describes “Estate”?
- This is how assets pass under personal law when a person dies without a valid will.
- This is a court document that confirms who can claim certain assets such as bank balances and securities of the deceased.
- This is a person entitled by law or a will to inherit from the deceased.
- This is everything a person owns at death, such as property, savings, investments and belongings.
Show the answer
D. Estate: An estate is everything a person owns at death, such as property, savings, investments and belongings.
Q2. Which statement best describes “Will”?
- This are people who watch the maker sign a will and sign it themselves, and the law requires at least two.
- This is the person named in a will to carry out its instructions.
- This is a document that changes or adds to an existing will.
- This is a legal declaration of how a person wants their assets to pass after death.
Show the answer
D. Will: A will is a legal declaration of how a person wants their assets to pass after death.
Frequently asked questions
Is the Wealth succession and estate basics course free?
Yes. Lessons, quizzes and practice are free. Sign in once with your mobile number or Google to start.
Who is the Wealth succession and estate basics course for?
It is a advanced-level course with 5 short lessons, written in plain language for beginners and for people who advise others on money.
Can I learn this in Hindi or Gujarati?
The app screens switch between English, Hindi and Gujarati at any time, and many quiz questions have translations. Lesson text is in English for now.
Do I get a certificate?
Yes. Pass the course exams to earn a certificate that anyone can verify online.
Is this investment advice?
No. It is education only. Speak to a qualified adviser before you act on your own money.
Related courses
UpperCrust Academy is independent study material from UpperCrust Wealth. It is not affiliated with NISM, SEBI or AMFI. For education only. Not investment advice. Always confirm the latest syllabus and rules on the official NISM website.