Not all assets go through probate — and understanding what does (and doesn’t) can save time, money, and stress.
Assets that usually skip probate include:
- Jointly owned property
- Life insurance payouts with named beneficiaries
- Retirement accounts (like IRAs or 401(k)s) with beneficiaries
- Payable-on-death (POD) bank accounts
Planning ahead with tools like trusts, joint ownership, and updated beneficiary designations can minimize what enters probate — and speed up the process for your loved ones.
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