MLchartDataset catalogue

Nonprobate assets

Term · Law · MLC-T-LAW-003453

Property that passes to beneficiaries outside of the formal probate process upon the death of the owner. These assets typically have a designated beneficiary or a form of ownership that dictates their transfer automatically. Examples include life insurance policies, retirement accounts, and property held in joint tenancy with right of survivorship.

Table 1. Record
IdentifierMLC-T-LAW-003453
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-003453",
  "term": "Nonprobate assets",
  "field": "Law",
  "definition": "Property that passes to beneficiaries outside of the formal probate process upon the death of the owner. These assets typically have a designated beneficiary or a form of ownership that dictates their transfer automatically. Examples include life insurance policies, retirement accounts, and property held in joint tenancy with right of survivorship.",
  "url": "https://mlchart.com/terminology/law/nonprobate-assets/"
}

Record 3,439 of 5,441 in Law terminology (MLC-0107). Request the full dataset.