Aug 1, 2014 ... Some assets are distributed to heirs by the court (probate assets) and ... Your will
does not control the distribution of non-probate property.
Non probate assets are a special type of property that won't need to go through
the probate process after you die and will instead pass directly to your heirs.
These assets are not probated, meaning that they are not distributed according to
the decedent's will in probate court. Will substitutes are non-probate assets.
Tags : bank account house IRA life insurance non-probate assets probate assets
... When you know whether an asset is probate or non-probate, you will know if ...
Probate property is controlled by your will. Non- probate property is not controlled
by your will. Therefore, unless you coordinate the ownership of your property ...
Probate Property and Non-Probate Property. While it is easy to say that probate
property is only the property that passes under the terms of your Will, that ...
Jan 14, 2013 ... The next step is to demonstrate the issues between probate asset and a non-
probate asset. As you can from an Estate of the Month I did in my ...
In the simplest terms, any property that is considered non-probate provides for its
... If a Will provides for the designation of a beneficiary to receive non- probate ...
If there is no will, the deceased person's assets will pass to his or her heirs at law
..... In some cases (non-probate situations), the lack of a court order can create ...
Jul 23, 2012 ... There is a lot of terminology (especially, legal) involved in writing a Will. The
following is a list of commonly used terms when writing wills.