Nonprobate Asset

Learn about the definition for this legal term.

What is Nonprobate Asset?

In trusts and estates law, non-probate assets are assets in which the title has already been transferred within a decedent's lifetime, or assets in which the transfer of title is controlled by some sort of survivorship mechanism and not through the estate.

Further Reading

For more detailed information, see our related Wills Trusts And Estates terms:

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