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ARTICLE VI NONPROFIT TRANSFERS ON DEATH PART 1 PROVISIONS RELATING TO EFFECT OF DEATH Section 6-101. Nonprobate Transfers on Death. (a) A provision for a nonprobate transfer on death in an insurance
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Article VI nonprobate transfers refer to transfers of property that occur outside of the probate process, such as joint tenancy with right of survivorship or beneficiary designations on accounts.
Individuals who have made nonprobate transfers as part of their estate planning are required to file article VI nonprobate transfers.
To fill out article VI nonprobate transfers, one must provide details of the nonprobate transfers made, including the type of transfer, the property involved, and the beneficiaries.
The purpose of article VI nonprobate transfers is to ensure that nonprobate transfers are properly accounted for and included in the estate administration process.
Information such as the description of the property transferred, the date of transfer, the name of the recipient, and the relationship to the decedent must be reported on article VI nonprobate transfers.
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