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    What is a Probate Estate?

    What is a probate estate? 

    Does every person who passes away have an estate, or do only those people who have a lot of property have an estate?

    We’ll cover these questions and more in today’s article.

    My name is Erik Broel & I am the founder & CEO of Georgia Probate Law Group.

    At our firm we help families who have lost a loved one navigate the complex and confusing legal process so they can make sure the estate is handled properly and their loved one’s memory is honored.

    When we talk about the probate estate, we’re referring to all of the property and assets of a deceased person that will be a part of the probate process.

    We typically call this property probate property.

    What Is Probate Property?

    Generally speaking, this means the property that the deceased owned at the time of death.

    Some common examples of probate property:

    • Money
    • Bank accounts
    • Vehicles
    • Real estate
    • Clothes
    • Jewelry
    • Household furnishings
    • Other property

    As a result, every person who passes away has an estate, regardless of how large or small that estate may be.

    What is probate estate

    What Is Non Probate Property?

    While most property the deceased owned will become a part of the probate estate, there are some types of property that won’t.

    We refer to this type of property as non probate property because it is not governed by the probate process.

    This property goes directly to another person.

    Some common examples of non probate property:

    • Jointly owned real estate
    • Life insurance
    • Retirement accounts that have a beneficiary designation

    Next Steps: 

    Everything discussed in this article is for general information and is not legal advice.

    Related Topic:  How do you know if you will need to go through probate to handle real estate?

    If you are in a situation where you need help navigating the Georgia probate process, I recommend you reach out to our office at (770) 920-6030 to set up a consultation.


    If you’re not quite ready for a consultation, be sure to download our Georgia Probate Handbook so you know how the estate is supposed to be handled.

    What is probate estate

     

    Disclaimer: The information above is provided for general information only and should not be considered legal advice. Our probate attorneys provide legal advice to our clients after talking about the specific circumstances of the client’s situation. Our law firm cannot give you legal advice unless we understand your situation by talking with you. Please contact our law office to receive specific information about your situation.

    About the author

    Erik J. Broel
    Founder & ceo

    Erik founded the firm in 2009. He sees it as his personal mission to demystify the process of handling an estate or trust, and to help people by making the complex estate process simple and accessible. He believes there is always a better way to do things, and loves finding new and innovative ways to deliver better, more effective service that solves the client’s key problem or issue, and improves the client’s life.

    More about Erik
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