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3 Cards in this Set
- Front
- Back
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What actions will a court not allow a will to mandate?
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(1) cannot force someone to remain a particular religion
(2) the break-up of family (3) defrauding creditors (4) illegal activities (5) breaking the Rule Against Perpetuities (6) racial discrimination |
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What are the functions of probate?
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(1) Provides evidence of transfer of title to the new owners by a probated will or decree of intestate succession.
(2) Protects creditors by requiring payment of debts (3) Distributes the decedent's property to those intended |
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Types of Non-Probate Property
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(1) joint tenancy property
(2) life insurance (3) contracts with payable-on-death provisions (4) interests in trust |
