Which of the Following Assets Do Not Bypass Probate

question 22

Multiple Choice

Which of the following assets do not bypass probate?

• A)Those that are titled joint with right of survivorship.
• B)Qualified pension plans such as IRA and 401.
• C)Nonqualified deferred compensation plans.
• D)Proceeds from life insurance on the decedent's life payable to a named beneficiary other than the decedent or the estate of the decedent.
• E)All of the above bypass probate.

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Definitions:

Homophily

The tendency of individuals to associate and bond with similar others, which can include similarities such as age, gender, social class, and beliefs.

Phinney's Second Stage

Part of Phinney’s model of ethnic identity development, focusing on the exploration of one’s own cultural heritage and values.

Ethnic Identity

A person's sense of belonging or identity in relation to the social, cultural, or national group they identify with.

Oppositional Identity

A concept explaining how individuals may define themselves in contrast to societal norms or dominant groups.