questions & answers
Question: How will my property be distributed upon my death?
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.
How will my property be distributed upon my death?
- Please select your county of residence below.
State Bar of Arizona
Maricopa County Bar
Referral number 602-257-4434
Pima County Bar
Referral number 520-623-4625
National Domestic Violence Hotline
Bankruptcy Court Self Help Center
Certified Legal Document Preparer Program
Generic versions of the drug Cialis, sold as tadalafil, now available from many manufacturers.