property is passed to the surviving owner without going through probate A bond's YTM will always decrease more than current yield when bond prices rise Current yield interest for the market price of a bond Yield to maturity interest rate earned if held all the way to maturity If current yield...
Probate Court supervised the disposition. Codicil An amendment that changes a will. Intestacy A situation in which a person dies without a will. 3 qualifications for a will to be vaild 1. Mental Capacity 2. Freedom of Choice3. Proper Execution Will A legal document that is legally enforceable...
Probate includes assets that are held in an individual's name Probate Estate land Real Property is what remains after all other gifts have been distributed Residuary Estate is the person who causes the trust to come into existence Settlor an individual who dies with a valid will in existence ...