NON-PROBATE ASSET Some assets are not required to pass through probate, several categories. A couple of examples of a non-probate asset would be, first of all, assets that have been assigned beneficiaries through a beneficiary designation form. We frequently see this on assets like retirement accounts, including IRAs and 401(k)s, and also life insurance policies. Another category of non probate asset that do not have to pass through probate are assets that are owned jointly with at least one other person. It may or may not be advisable to put another individual as a co-owner on an asset, but that’s something that an attorney can properly advise you on. Law Offices of John Mangan, PAPalm City – Stuart, FLCALL: 1 (772) 218-0480 Do you question the need for attorney guidance with so many online resources? Because laws and regulations are complex, and because every person has a lot at risk, more people than ever are seeking professional guidance from an experienced, knowledgeable source. That helps explain the rapid growth of our firm. Whether you happened upon this website by accident or are one of the many referrals we receive from a nearly 15-year collection of satisfied clients, our staff can provide customized estate planning guidance for you. Call us. Our number: 1 (772) 218-0480 Written by: John Mangan, JD, MBA Video FAQ Library ADDITIONAL RESOURCES: Does Your Estate Plan Need An Annual Checkup? No Will? There’s A Way: Florida Intestate ProceedingsProbate & Trust AdministrationWhat Is Probate? Advantages And Disadvantages Of Probate Is Probate An Expensive Process?Understanding Probate: An Overview Of The Florida Probate SystemShould I Try To Avoid Probate If Possible?Estate Planning Basics: Why Avoiding Probate Is PreferableHow Can I Avoid A Long, Complex Probate Process?Executing An Estate: 8 Key Duties Of The Executor A Brief Overview Of PortabilityHollow Testaments: Understanding Florida Holographic WillsRule 41f And The Continuing Importance Of Gun Trusts
