Discover the benefits and advantages of the four types of non-probate property transfers: payable-on-death clauses, the right of survivorship, transfers on death, and inter vivos trusts.
The probate process is often lengthy, and months or even years may pass before any property is distributed. When planning the disposition of an estate, nonprobate transfers may be preferable because they pass outside of the probate process. Today, you’ll be learning about the various types of nonprobate transfers.
In our discussion today, we’ll start off by explaining what nonprobate transfers are and talking about their advantages. After that, we’ll cover four types of nonprobate transfers:...