Raphaelle employs a variety of will substitutes to transfer her assets, which consist principally of cash and investments in mutual funds, outside the probate process. In this situation, the most important consideration is to

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While avoiding the cost of probate is a benefit of using will substitutes, the most important consideration is to ensure that the arrangements benefit the intended persons. With will substitutes, the transfer of assets can take place immediately and without court intervention, but it is crucial to make sure that the arrangements are structured in a way that aligns with the client's wishes and meets their goals for distribution of their assets. Establishing grounds for court review is not typically a goal of will substitutes, and while some principles of testamentary transfers may apply, the rules and considerations are different for will substitutes.

Raphaelle Employs a Variety of Will Substitutes to Transfer Her