Planning Ahead

questions & answers

Question: How will my property be distributed upon my death?

Answer:

Usually by operation of law. Any joint accounts will go to the surviving joint tenant. Any asset with a beneficiary designation (bank account, real property, brokerage account) will pass to the named beneficiary(ies). Terms you will hear include “transfer on death,” “payable on death,” and “in trust for.”

Any assets in a revocable living trust (which becomes irrevocable at your death) will pass under the terms of your trust. Any general or limited power of appointment which you exercise will direct how assets subject to that power will be distributed.

QUESTIONS

  • How will my property be distributed upon my death?

STORIES

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FIND LEGAL HELP

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OTHER LEGAL RESOURCES

  • State Bar of Arizona
    www.azbar.org
  • Maricopa County Bar
    www.maricopabar.org
    Referral number 602-257-4434
  • Pima County Bar
    www.pimacountybar.org
    Referral number 520-623-4625
  • National Domestic Violence Hotline
    800-799-7233
  • Bankruptcy Court Self Help Center
    866-553-0893
  • Certified Legal Document Preparer Program
    Link

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