Northwest Strategy Planning

Probate property is any asset titled in the decedent’s name alone. This includes:

-Bank accounts

-Investment accounts

-Real estate (including vacation homes)

-Vehicles

-Business interests

Some assets, even if titled in the decedent’s name alone, may not be subject to probate because they have a named beneficiary. These include:

-Retirement accounts (IRA’s, 401(k)’s, etc.)

-Life insurance policies

-Payable on death (POD) accounts

-Transfer on death (TOD) brokerage accounts

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