Do all assets go through probate?

  • Robert S. Thomas,
  •   Probate
  •   Comments Off on Do all assets go through probate?

Some assets are deemed “non-probate assets” which do not go through probate and the beneficiaries are simply designed on the instrument. For non-probate assets, when the owner dies, the named beneficences become the new owner immediately upon death.

Some examples of non-probate assets are assets held in a trust; assets owned in joint tenancy or tenancy by the entirety; and assets with a beneficiary designation (i.e. 401(K)).

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