MLchartDataset catalogue

Nonprobate transfer

Term · Law · MLC-T-LAW-003455

The conveyance of an asset from a deceased person to a designated beneficiary without requiring the formal probate court process. This method of transfer is typically established through contractual agreements or specific forms of property ownership. Common examples include payable-on-death bank accounts, transfer-on-death securities, and assets held in a living trust.

Table 1. Record
IdentifierMLC-T-LAW-003455
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-003455",
  "term": "Nonprobate transfer",
  "field": "Law",
  "definition": "The conveyance of an asset from a deceased person to a designated beneficiary without requiring the formal probate court process. This method of transfer is typically established through contractual agreements or specific forms of property ownership. Common examples include payable-on-death bank accounts, transfer-on-death securities, and assets held in a living trust.",
  "url": "https://mlchart.com/terminology/law/nonprobate-transfer/"
}

Record 3,442 of 5,445 in Law terminology (MLC-0107). Request the full dataset.