Includes all interest and assets, real or personal, tangible or intangible, that are owned outright by a person at the time of his or her death. "Probate assets" are those assets that have no beneficiary designation and will pass under the terms of the Will.
These assets pass upon death to the named survivor or beneficiary "outside of probate." These assets are those that do not pass under the terms of a Will. They are assets that pass to a beneficiary named on the document that was signed when the asset was created.
Our article, Probate Assets vs. Non-Probate Assets goes into more depth on the difference between these assets.
Has A Loved One Passed Away And You Find Yourself In Need Of A Probate Attorney?
If you find yourself involved in the confusing probate process help is available. Contact us online or call our Dallas office directly at 214.559.7202 to schedule a consultation with our experienced probate attorney.