What assets do not have to go through probate?
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Works at the International Committee of the Red Cross, Lives in Geneva, Switzerland.
Here are kinds of assets that don't need to go through probate:Retirement accounts--IRAs or 401(k)s, for example--for which a beneficiary was named.Life insurance proceeds (unless the estate is named as beneficiary, which is rare)Property held in a living trust.Funds in a payable-on-death (POD) bank account.More items...
2023-06-08 09:34:26
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Lucas Patel
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Here are kinds of assets that don't need to go through probate:Retirement accounts--IRAs or 401(k)s, for example--for which a beneficiary was named.Life insurance proceeds (unless the estate is named as beneficiary, which is rare)Property held in a living trust.Funds in a payable-on-death (POD) bank account.More items...