nonprobate transfer

nonprobate transfer
The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including (in some states) property left to a surviving spouse and property left outside of a will through probate-avoidance methods such as pay-on-death designations, joint tenancy ownership, living trusts, and life insurance. Property that avoids probate is sometimes described as the nonprobate estate.
Category: Wills, Trusts & Estates → Estates, Executors & Probate Court
Category: Wills, Trusts & Estates → Living Trusts & Avoiding Probate

Nolo’s Plain-English Law Dictionary. . 2009.

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