Under the general rule, a will can dispose of which type of property?

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Multiple Choice

Under the general rule, a will can dispose of which type of property?

Explanation:
The main idea here is that a will governs only probate property. Probate property consists of assets owned solely by the deceased that must pass through probate to transfer to heirs. Nonprobate property, such as life insurance with a named beneficiary, accounts with designated beneficiaries, property held in joint tenancy with right of survivorship, or assets held in a trusting arrangement, passes outside the will by contract or ownership structure and is not controlled by the will. Therefore, the will can dispose of probate property only, not nonprobate property.

The main idea here is that a will governs only probate property. Probate property consists of assets owned solely by the deceased that must pass through probate to transfer to heirs. Nonprobate property, such as life insurance with a named beneficiary, accounts with designated beneficiaries, property held in joint tenancy with right of survivorship, or assets held in a trusting arrangement, passes outside the will by contract or ownership structure and is not controlled by the will. Therefore, the will can dispose of probate property only, not nonprobate property.

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