What Methods Exist to Avoid Probate,or to Establish Non-Probate Property

question 42

Multiple Choice

What methods exist to avoid probate,or to establish non-probate property?

• A)Gifts
• B)Trusts
• C)Contracts like life insurance and retirement plans
• D)Joint ownership
• E)All of the above

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Definitions:

Confucius

An ancient Chinese philosopher and educator, whose teachings emphasized personal and governmental morality, correctness of social relationships, justice, and sincerity.

Harmonious Interplay

The balanced and cooperative interaction or coordination among components or agents, leading to a pleasing or effective outcome.

David Hume

An 18th-century Scottish philosopher, historian, economist, and essayist known for his philosophical empiricism, skepticism, and naturalism.

Collective Judgment

The combined or group decision-making process, reflecting the consensus or majority view.