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LSDefine

Simple English definitions for legal terms

Probate Assets

Read a random definition: Property tax

A quick definition of Probate Assets:

Probate assets are things that a person owns by themselves when they die. These things don't have a plan for who gets them after the person dies, so a special court called a probate court decides who gets what. This usually follows what the person wrote in their will.

A more thorough explanation:

Probate Assets

In trusts and estates law, probate assets refer to assets that an individual owns in their sole name at the time of their death. These assets do not have a survivorship feature that will control their disposition at death. Therefore, the disposition of probate assets is determined by the probate court and is usually divided as directed by the decedent’s will.

  • A house owned solely by the decedent
  • A bank account in the decedent's name only
  • A car owned solely by the decedent

These examples illustrate probate assets because they are owned solely by the decedent and do not have a survivorship feature. Therefore, their disposition is determined by the probate court and is usually divided as directed by the decedent’s will.

Probate - State statutes | probate court

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
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the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
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im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
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JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
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22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
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JumpySubsequentDolphin
22:39
@splitty Oregon!
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JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
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