Is Probate Always Necessary?

Probate is not necessary for many items of personal property. For example:

  1. There are many assets such as life insurance proceeds, IRAs, pension plans and retirement accounts that pass outside the will to beneficiaries named by the decedent.
  2. Additionally, property held by the decedent and others as joint tenants with rights of survivorship, such as bank accounts and certificates of deposit, pass outside the will directly to the survivor.
  3. Finally, property held in trust will pass under the terms of the trust rather than the terms of a the decedent’s will.

However, when ownership of the decedent’s property is evidenced by title, that property cannot be sold or transferred until the decedent’s name is removed from the title. Probate records become a link in the chain of title, demonstrating that the decedent’s property has passed to someone else.

Comments

  1. My father has not made a will. He has two children: my sister and I. We have a cousin who will try to get as much as he can from the estate, such as physical property, in the event our father dies. Would our cousin have any right to claim any of the estate?

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  2. […] has jurisdiction over the estate after receiving notice of the death of the testator. This section does not require the Will to be probated; rather, it’s concern is preventing someone with custody of a Will from suppressing […]

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