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- Title
ESTATE AND PROBATE LAW -- TESTAMENTARY DISPOSITION OF NON-PROBATE ASSETS: WHETHER IRAS ARE COMPARABLE TO LIFE INSURANCE POLICIES AND WHETHER TESTATORS SHOULD BE ABLE TO CHANGE AN IRA BENEFICIARY BY WILL.
- Authors
Haskins, Ashley L.
- Abstract
The article discusses the testamentary disposition of non-probate assets such as individual retirement accounts (IRAs) and the ability of a testator to redefine an IRA beneficiary under Arkansas estate and probate laws. The alleged amendment of an IRA beneficiary designation by a holographic will in the case Nunneman v. Estate of Grubbs is examined. A comparison of beneficiary designation powers in IRAs and life insurance policies is also mentioned.
- Subjects
INHERITANCE &; succession; INDIVIDUAL retirement account laws; LEGAL status of beneficiaries; ESTATE planning; LIFE insurance policies; HOLOGRAPHIC wills; MANAGEMENT
- Publication
University of Arkansas at Little Rock Law Review, 2011, Vol 34, Issue 1, p153
- ISSN
1527-5787
- Publication type
Article