Transferring Nonprobate Property By Contracts Estate planning not only indudes deciding who will inherit your assets but also how your heirs will receive them. One method is to transfer your property by contracts that you sign as part of your estate plan. It took almost two years before her heirs received any of their inheritance.tel recently died. True or False: Lel's assets were most likely distributed by the probate court. False True Amy has a 401(k) plan. She designated her mother as her primary beneficiary and her best friend as the contingent beneficiary. True or False: 1f Amy dies before her mother or best friend, the 401(k) will go to her best friend O False True Madeline and Carl have been married for many years. While Madeline was away on business, Carl dosed out the household checking account True or False: Carl was able to do this because they both owned the account as joint tenants. Akiko is single and has three dose friends. In the event of her death, she wants to leave them some money and doesn't want them to have to wait for probate on her estate to be completed. True or False: One way to achieve her goal would be to open three savings accounts and sign payable on death designationes naming each friend as the beneficiary. False True