PocketLaw | Utah Code | Rules of Construction for Governing

Rules of Construction for Governing Instruments

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Scope.

Requirement of survival by 120 hours -- Under probate code or governing instrument -- Co-owners -- Exceptions -- Protection of payors, third parties, and bona fide purchasers -- Personal liability of recipient.

Choice of law as to meaning and effect of governing instrument.

Class gifts construed to accord with intestate succession.

Definitions -- Life insurance -- Retirement plan -- Account with POD designation -- Transfer-on-death registration -- Deceased beneficiary -- Substitute gift -- Protection of payors and bona fide purchasers -- Personal liability of recipient.

Definitions -- Survivorship with respect to future interests under terms of trust -- Substitute takers.

Class gifts to "descendants," "issue," or "heirs of the body" -- Form of distribution if none specified.

Definitions -- Representation -- Per capita at each generation -- Per stirpes.

Worthier-title doctrine abolished.

Interests in "heirs" and like.