will substitute

Definition of "will substitute"
  1. An arrangement, such as a trust, utilized to transfer assets upon an individual's demise as an alternative to a will
How to use "will substitute" in a sentence
  1. The financial advisor suggested a will substitute as a means to manage asset transfers after death.
  2. Using a will substitute can offer a variety of tax benefits and can simplify the probate process.
  3. A will substitute often involves creating a trust, which can provide greater control over how assets are distributed after death.

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