Legal Question in Wills and Trusts in New York
testamentary substitute
could you please explain to me what a testamentary substitute is.
thank you.
Asked on 10/22/01, 4:10 pm
1 Answer from Attorneys
Norman Nadel
Norman Nadel, Esq.
Re: testamentary substitute
Any arrangement, other than a Will, that passes property at the death of the party who had a significant interest in the property. Examples are joint bank account, life insurance, pension benefits and so on.
Answered on 11/22/01, 11:40 am