Probate assets
Term · Law · MLC-T-LAW-003933
Property owned solely by a deceased individual at the time of their death that must pass through the probate court process. These assets are subject to the terms of a will or state intestacy laws. Examples include real estate held in the decedent's name alone or bank accounts without designated beneficiaries.
| Identifier | MLC-T-LAW-003933 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-003933",
"term": "Probate assets",
"field": "Law",
"definition": "Property owned solely by a deceased individual at the time of their death that must pass through the probate court process. These assets are subject to the terms of a will or state intestacy laws. Examples include real estate held in the decedent's name alone or bank accounts without designated beneficiaries.",
"url": "https://mlchart.com/terminology/law/probate-assets/"
}
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