Module 9 - Estate Planning Basics

Question 1

Even with a will, an estate goes through the drawn out process of probate.
However, there are will substitutes, which give away assets outside of
probate. What are some will substitutes?

Answer 1

> joint tenancy with right of survivorship (JTWROS): real estate, mutual funds, and other intangible assets are often held in
JTWROS (usually with a spouse or other family member); ownership rights automatically go to the surviving party;