59-3513. Other nontestamentary transfers. - Kansas Statutes

59-3513

Chapter 59.--PROBATE CODE Article 35.--TRANSFER-ON-DEATH

      59-3513.   Other nontestamentary transfers.(a) A provision in the following for a nonprobate transfer ondeath is nontestamentary:

      (1)   Insurance policy or annuity contract;

      (2)   contract of employment;

      (3)   current employee compensation or benefit program;

      (4)   deferred compensation or pension plan, including programs described insections 401(a), 403(b), 457 or 501(c)(18) of the federal internal revenue codeof 1986 as in effect on January 1, 2001;

      (5)   individual retirement plan, whether custodial or otherwise; or

      (6)   account established pursuant to a qualified state tuition program undersection 529 of the federal internal revenue code of 1986 as in effect onJanuary 1, 2001.

      (b)   The provisions of subsection (a) do not limit rights of creditors underother laws of this state.

      History:   L. 2001, ch. 43, § 1; July 1.