What types of property ownership registrations do not pass through probate?
Joint Tenants with Rights of Survivorship, Tenants by Entirety: A registration in which there are multiple owners, each with ownership rights to all interest in the account. Upon the death of an owner the surviving owner(s) typically exercise their rights of survivorship and retain their ownership rights to all interest in the account. Individual Ownership with Transfer on Death (TOD), Individual Ownership with Payable on Death (POD), Trusteed Beneficiary: A registration in which the sole owner has designated a beneficiary or beneficiaries to the account. Upon the death of the sole owner, interest in the account is transferred to the named beneficiary(s) according to the instructions provided by the sole account owner. However, if the named beneficiary pre-deceased the sole owner, or if the named beneficiary was the sole owner’s probate estate, this type of account may still need to pass through probate. Joint Tenants with Rights of Survivorship TOD, Joint tenants with Rights of Surviv
Joint Tenants with Rights of Survivorship, Tenants by Entirety: A registration in which there are multiple owners, each with ownership rights to all interest in the account. Upon the death of an owner the surviving owner(s) typically exercise their rights of survivorship and retain their ownership rights to all interest in the account. Individual Ownership with Transfer on Death (TOD), Individual Ownership with Payable on Death(POD), Trusted Beneficiary: A registration in which the sole owner has designated a beneficiary or beneficiaries to the account. Upon the death of the sole owner, interest in the account is transferred to the named beneficiary(s) according to the instructions provided by the sole account owner. However, if the named beneficiary pre-deceased the sole owner, or if the named beneficiary was the sole owner’s probate estate, this type of account may still need to pass through probate. Joint Tenants with Rights of Survivorship TOD, Joint tenants with Rights of Survivor
Joint Tenants with Rights of Survivorship, Tenants by Entirety: A registration in which there are multiple owners, each with ownership rights to all interest in the account. Upon the death of an owner the surviving owner(s) typically exercise their rights of survivorship and retain their ownership rights to all interest in the account. Individual Ownership with Transfer on Death (TOD), Individual Ownership with Payable on Death(POD), Trusted Beneficiary: A registration in which the sole owner has designated a beneficiary or beneficiaries to the account. Upon the death of the sole owner, interest in the account is transferred to the named beneficiary(s) according to the instructions provided by the sole account owner. However, if the named beneficiary pre-deceased the sole owner, or if the named beneficiary was the sole owner’s probate estate, this type of account may still need to pass through probate. Joint Tenants with Rights of Survivorship TOD, Joint tenants with Rights of Survivor
