Task 5 of 16

Create an inventory of non-probate assets

Part of: Find, Value, and Protect Assets

There may be many assets of the decedent that do not pass through probate. For example, money from life insurance policies are generally considered non-probate assets. The probate courts in some states may require you to submit an inventory of both probate assets and non-probate assets.

Check with your attorney and understand the laws in the relevant jurisdiction to confirm their specific definition of non-probate assets, but they generally can include items like:

life insurance
pensions
healthcare savings accounts
joint/survivor bank accounts
POD (Payable on Death) bank accounts
transfer on death investment and brokerage accounts
assets in certain types of trusts (this can include assets that are traditionally considered probate assets if not held in trust)

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