Are there assets that would not have to go through probate?

Some kind of assets transfer automatically at the death of an owner with no probate or trust administration required. The most common kinds of such assets are:

  • Joint Tenancy; Tenancy by the Entirety; or Community Property With Right of Survivorship 
  • Beneficiary Designations – retirement accounts and life insurance policies have named beneficiaries.
  • Payable on Death Accounts/Transfer on Death Accounts