So a non-probate asset is owning a piece
of real property in joint teny. It would
be if you have investment accounts,
retirement accounts, even a simple bank
account. If you designate a payable upon
death beneficiary, that’s a non-probate
transfer. Another thing you could do,
sometimes a parent might execute a
beneficiary deed, leaving their home to
a child or their children. That’s a
non-probate asset. And obviously, if you
have a trust, if you have assets in a
trust, that’s a nonprobate asset. Or or
an LLC or other business entity.