Probate vs Non-Probate Assets: What You Need to Know
Understanding the distinction between probate and non-probate assets is essential when it comes to estate planning. These two categories determine how assets are distributed after someone passes away and play a critical role in ensuring a smooth transition during an already emotional time. Proper planning can simplify the process for beneficiaries and help avoid unnecessary delays or costs.
What Are Probate Assets?
Probate assets refer to any items or property included in your estate that require court supervision for distribution.