In Plain English: Probate vs. Non-probate Assets

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If you’ve given some thought to your estate plan, chances are you know that assets can be divided into two categories: “probate” and “non-probate.” Knowing the difference between these two types of assets is crucial and can have a profound impact on how you decide to distribute your property to your loved ones after you are gone. This article will guide you through the basics – in plain English.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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