Chapter 7 - Nonprobate Transfers (Will Substitutes) Flashcards
1
Q
Major Types of Will Substitutes
A
- inter Vivos Revocable Trusts
- Life Insurance
- POD/TOD bank/security accounts
- Joint tenancies with rights of survivorship (JTWRS)
- Pensions????
2
Q
Are will formalities (writing, signed by T, attested) required of will substitutes?
A
No
3
Q
Are subsidiary law of wills applied to will substitutes?
A
?????