Asked by CECILIA SIOCO on May 04, 2024
Verified
On the death of the owner, property can be transferred through a will, a trust, or a state law prescribing its distribution. This indicates our laws require that, on death, title to property must be
A) dissociated from a decedent's estate.
B) disposed of by a trustee.
C) dissolved in favor of a beneficiary.
D) delivered in full somewhere.
Trustee
An individual or firm that holds or administers property or assets for the benefit of a third party.
Beneficiary
An individual or entity entitled to benefits or advantages from something, such as a trust, insurance policy, or a will.
Decedent's Estate
The real and personal property owned by an individual at the time of their death, subject to distribution according to their will or state laws.
- Understand the different methods through which property can be transferred after an individual's death.
Verified Answer
Learning Objectives
- Understand the different methods through which property can be transferred after an individual's death.
Related questions
One Way to Transfer Property Outside the Probate Process, and ...
With a Resulting Trust , Assets Held in the Trust ...
Which of the Following Best Explains the Process of Embalming ...
Which of the Following Best Explains the Process of Cremation ...
Which Intervention Is Appropriate for a Client Receiving Palliative Care ...