What types of property pass under a Will?
It is important to remember that not all property you own will pass to the persons you choose by means of a Will. Only “probate assets” are distributed through a Will (or by Texas’ default “intestacy” laws if you die without a Will). As opposed to “probate assets,” “non-probate assets” are left to your beneficiaries entirely independently from you Will, instead passing via contract. Therefore it is very important to recognize the difference between probate and non-probate assets. A qualified estate planning attorney will help you distinguish and coordinate the two in order to accomplish your overall estate planning goals. Probate assets generally consist of titled property (such as real estate, mineral rights and vehicles), personal property (such as clothes, jewelry, heirlooms, memorabilia, collections and other household items), and stocks or other financial holdings for which no payable-on-death designations have been made. Thus if your entire estate consists of home and its content
