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:

Relationship Building

The development of positive connections between individuals through mutual trust, respect, and understanding, often leading to beneficial professional or personal networks.

Psychosocial Function

Refers to the role that social factors play in shaping mental health and an individual's ability to adapt and function in various environments.

Career Function

The roles, activities, or responsibilities that contribute to an individual's career development and progression.

Compensation

The total amount of the monetary and non-monetary pay provided to an employee by an employer in return for work performed as required.