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2. What happens to your bank account after you die? - AOL

   www.aol.com/finance/what-happens-to-bank-account...

   How to claim money from a bank after a death. Joint account holders, designated beneficiaries and will administrators or executors can claim money from a bank after an account holder’s death.

3. Is It Possible for My Beneficiaries to Transfer Property ...

   www.aol.com/beneficiaries-transfer-property...

   Generally, after the trustor passes away, the trustee notifies the trust’s beneficiaries, enacts the trust’s conditions and the beneficiaries receive the assets. In addition, the grantor’s ...

4. Joint wills and mutual wills - Wikipedia

   en.wikipedia.org/wiki/Joint_wills_and_mutual_wills

   In Healey v Browne [5] a husband transferred assets jointly to himself and his son after the death of his wife. Although there was found to be no mutual will (Donaldson QC adopted the contractual requirement), he considered that where there was a valid mutual will the second testator is free to use the assets for his own beneficial interest as ...

5. Will and testament - Wikipedia

   en.wikipedia.org/wiki/Will_and_testament

   Legatee – beneficiary of personal property under a will, i.e., a person receiving a legacy. Probate – legal process of settling the estate of a deceased person. Residuary estate - the portion of an estate remaining after the payment of expenses and the distribution of specific bequests; this passes to the residuary legatees.

6. If you want to help your kids bypass probate when you die ...

   www.aol.com/finance/want-help-kids-bypass...

   “Revocable” means you can change the terms at any time while you are alive. ... you can make the trust itself the beneficiary, so that these accounts pass directly to your trustees without an ...

7. Trust (law) - Wikipedia

   en.wikipedia.org/wiki/Trust_(law)

   Because a will can become effective only upon death, a testamentary trust is generally created at or following the date of the settlor's death. Unit trust : A trust where the beneficiaries (called unitholders ) each possess a certain share (called units ) and can direct the trustee to pay money to them out of the trust property according to the ...