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Sharp T&E Outline

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1 Sharp’s Trusts and Estates I – Outline I. Introduction 3 techniques of transferring wealth: inter vivos transfer: transfer that takes place during the transferor’s lifetime non-probate transfer: transfer that enters into some type of contract, and the terms of that contract control the disposition of that property when the transferor dies. Examples are joint accounts with survivorship rights, POD bank accounts, life insurance policies, and transfers pursuant to retirement benefits. probate transfer: If O owns something, and that something has not been subject to some inter vivos or non-pro

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