What property is included in an individuals probate estate?
An individual’s probate estate (sometimes called probate property) includes only property subject to estate administration. In general, property owned by an individual at the time of his or her death or acquired by his or her estate after his or her death which passes to his or her heirs either by will or, in the absence of a will, by intestacy is included in an individual’s probate estate. Examples of probate property are houses, cars, furniture, stocks, bonds, and bank accounts. Examples of property not typically included an individual’s probate estate are life insurance policies, survivor annuities, and other so-called “will substitutes.
An individual’s probate estate (sometimes called probate property) includes only property subject to estate administration. In general, property owned by an individual at the time of his or her death or acquired by his or her estate after his or her death which passes to his or her heirs either by will or, in the absence of a will, by intestacy is included in an individual’s probate estate. Examples of probate property are houses, cars, furniture, stocks, bonds, and bank accounts.
