Do All Assets Go Through Probate

Assets that generally do not go through probate are 1) jointly owned assets that transfer to the surviving owner; 2) assets that have a valid beneficiary designation; and 3) assets that are in a trust. However, these assets do not always avoid probate. Not All Assets...
What Is Probate?

What Is Probate?

Probate is the court-supervised transfer of property from a deceased person (decedent) to his or her heirs and beneficiaries. If the decedent had a will, the will specifies who receives the decedent’s estate. If the decedent did not make a will, state law identifies...