Probate property is property that does not have a mechanism to transfer ownership at death. Examples of mechanisms to transfer ownership at death are beneficiary designations or a transfer on death designation affidavit.
Examples of probate property are bank accounts without beneficiary designations, automobiles titled in one person’s name, houses titled in one person’s name and without a transfer on death designation affidavit, household items, family heirlooms, etc.
A Will only dictates the transfer of probate property. A Will has no bearing on non-probate property.
For example:… Read the rest