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This entry was published on 2014-09-22
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ARTICLE 13
Other Provisions Affecting Estates
Estates, Powers & Trusts (EPT) CHAPTER 17-B
ARTICLE 13

OTHER PROVISIONS AFFECTING ESTATES

PART 1. ASSETS OF DECEDENT'S ESTATE
Section 13-1.1 Certain assets considered personal property.

13-1.2 Assets; debt due from executor to testator; effect of

discharge by will.

13-1.3 Assets chargeable with payment of estate obligations;

order in which assets appropriated; abatement.

13-1.4 Action in supreme court to compromise controversies

between claimants to estate assets.

PART 2. STATUTE OF FRAUDS REQUIREMENTS
Section 13-2.1 Agreements involving a contract to establish a trust, to

make a testamentary provision of any kind, and by a

personal representative to answer for the debt or

default of a decedent, required to be in writing.

13-2.2 Transfers and mortgages of interest in decedents' estates

required to be in writing and recorded.

13-2.3 Powers of attorney in relation to decedents' estates

required to be in writing and recorded.

PART 3. MISCELLANEOUS PROVISIONS
Section 13-3.1 Rights of payees in non-transferable United States

savings bonds.

13-3.2 Rights of beneficiaries of pension, retirement, death

benefit, stock bonus and profit-sharing plans, systems

or trusts and of beneficiaries of annuities and

supplemental insurance contracts.

13-3.3 Designation of trustee to receive proceeds of thrift,

savings, pension, retirement, death benefit, stock

bonus and profit-sharing plans, systems or trusts, of

life, group life, industrial life or accident and

health insurance policies and of annuity, endowment and

supplemental insurance contracts, and taxation thereof

13-3.4 Payment or delivery of property to foreign fiduciaries.

13-3.5 Action or proceeding by foreign personal or other legal

representative.

13-3.6 Disaffirmance of fraudulent acts by personal

representative and others.

PART 4. TRANSFER-ON-DEATH SECURITY REGISTRATION
Section 13-4.1 Definitions

13-4.2 Registration in beneficiary form; sole or joint tenancy

ownership

13-4.3 Applicable law

13-4.4 Origination of registration in beneficiary form

13-4.5 Form of registration in beneficiary form

13-4.6 Effect of registration in beneficiary form

13-4.7 Ownership on death of owner

13-4.8 Protection of registering entity

13-4.9 Nontestamentary transfer on death

13-4.10 Terms, conditions, and forms

13-4.11 Rules of construction

13-4.12 Application