Passing through/around Probate Flashcards

1
Q

Assets passing by Contract

A

Pass to beneficiaries

  • IRAs
  • TODs
  • PODs
  • Annuities
  • Life insurance
  • Retirement plans
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2
Q

Assets passing by Law

A

Pass to survivor

  • JTWROS
  • Tenancy by Entirety
  • Co-Ownership with Survivorship
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3
Q

Assets passing by Trust

A

Pass to income and principal beneficiaries

  • Trusts
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4
Q

Assets passing through Probate

A

To Heirs and Legatees

  • All other assets
  • Testate or Intestate
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