Will Substitutes and Nonprobate Transfers Flashcards by Jennifer Gay | Brainscape

Q

Types of Will Substitutes and Nonprobate Transfers

A

Trusts
Life insurance
Revocable inter vivos trusts
Third party beneficiary contracts

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Q

Third Party Beneficiary Contracts

A

Are valid until they have been revoked, by one party, both parties, or upon divorce

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