Passing through/around Probate Flashcards
1
Q
Assets passing by Contract
A
Pass to beneficiaries
- IRAs
- TODs
- PODs
- Annuities
- Life insurance
- Retirement plans
2
Q
Assets passing by Law
A
Pass to survivor
- JTWROS
- Tenancy by Entirety
- Co-Ownership with Survivorship
3
Q
Assets passing by Trust
A
Pass to income and principal beneficiaries
- Trusts
4
Q
Assets passing through Probate
A
To Heirs and Legatees
- All other assets
- Testate or Intestate