Chapter 7 - Nonprobate Transfers (Will Substitutes) Flashcards

1
Q

Major Types of Will Substitutes

A
  1. inter Vivos Revocable Trusts
  2. Life Insurance
  3. POD/TOD bank/security accounts
  4. Joint tenancies with rights of survivorship (JTWRS)
  5. Pensions????
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2
Q

Are will formalities (writing, signed by T, attested) required of will substitutes?

A

No

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3
Q

Are subsidiary law of wills applied to will substitutes?

A

?????

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