18-C §2-706. Life insurance; retirement plan; account with POD designation; TOD designation; deceased beneficiary
§2-706. Life insurance; retirement plan; account with POD designation; TOD designation; deceased beneficiary 1. Definitions. As used in this section, unless the context otherwise indicates, the following terms have the following meanings. A. “Alternative beneficiary designation” means a beneficiary designation that is expressly created by the governing instrument and, under the terms of the […]
18-C §2-707. Survivorship with respect to future interests under terms of trust; substitute takers
§2-707. Survivorship with respect to future interests under terms of trust; substitute takers 1. Definitions. As used in this section, unless the context otherwise indicates, the following terms have the following meanings. A. “Alternative future interest” means an expressly created future interest that can take effect in possession or enjoyment instead of another future […]
18-C §2-708. Class gifts to “descendants,” “issue” or “heirs of the body”; form of distribution if none specified
§2-708. Class gifts to “descendants,” “issue” or “heirs of the body”; form of distribution if none specified If a class gift in favor of “descendants,” “issue” or “heirs of the body” does not specify the manner in which the property is to be distributed among the class members, the property is distributed among the class […]
18-C §2-709. Per capita at each generation; per stirpes or by representation
§2-709. Per capita at each generation; per stirpes or by representation 1. Definitions. As used in this section, unless the context otherwise indicates, the following terms have the following meanings. A. “Deceased child” or “deceased descendant” means a child or a descendant, respectively, who either predeceased the distribution date or is deemed to have […]
18-C §2-710. Worthier-title doctrine abolished
§2-710. Worthier-title doctrine abolished The doctrine of worthier title is abolished as a rule of law and as a rule of construction. Language in a governing instrument describing the beneficiaries of a disposition as the transferor’s “heirs,” “heirs at law,” “next of kin,” “distributees,” “relatives” or “family,” or language of similar import, does not create […]
18-C §2-711. Interests in “heirs” and like
§2-711. Interests in “heirs” and like If an applicable statute or a governing instrument calls for a present or future distribution to or creates a present or future interest in a designated individual’s “heirs,” “heirs at law,” “next of kin,” “relatives” or “family,” or language of similar import, the property passes to those persons, including […]
18-C §2-801. Effect of divorce, annulment and decree of separation
§2-801. Effect of divorce, annulment and decree of separation 1. Divorce; annulment; separation. An individual who is divorced from the decedent or whose marriage to the decedent has been annulled is not a surviving spouse unless, by virtue of a subsequent marriage, the individual is married to the decedent at the time of death. A […]
18-C §2-802. Effect of homicide on intestate succession, wills, trusts, joint assets, life insurance and beneficiary designations
§2-802. Effect of homicide on intestate succession, wills, trusts, joint assets, life insurance and beneficiary designations 1. Definitions. As used in this section, unless the context otherwise indicates, the following terms have the following meanings. A. “Disposition or appointment of property” includes a transfer of an item of property or any other benefit to […]
18-C §2-803. Effect of criminal conviction on intestate succession, wills, joint assets, beneficiary designations and other property acquisition when restitution is owed to the decedent
§2-803. Effect of criminal conviction on intestate succession, wills, joint assets, beneficiary designations and other property acquisition when restitution is owed to the decedent A person who has been convicted of a crime of which the decedent was a victim is not entitled to the following benefits to the extent that the benefits do not […]
18-C §2-804. Revocation of probate and nonprobate transfers by divorce; no revocation by other changes of circumstances
§2-804. Revocation of probate and nonprobate transfers by divorce; no revocation by other changes of circumstances 1. Definitions. As used in this section, unless the context otherwise indicates, the following terms have the following meanings. A. “Disposition or appointment of property” includes a transfer of an item of property or any other benefit to […]