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Wisconsin Informal Administration

Wisconsin Informal Administration

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today we're going to talk about probate assets versus non-probate assets probate assets are those assets which must pass through probate to get to your ears unless you've done some other type of planning to avoid probate but those assets but let's just talk about the common things that most people own that could be non-probate assets so to do that I've got my handy little non-probate pot here and into the pot goes things that could be non-probate assets the first one here is a life insurance policy life-insurance policy was a properly filled out beneficiary designation will pass outside of probate altar of the court supervised process to whoever you name provided that beneficiary designation is properly filled out the second example here would be a bank account with a payable-on-death designation so let's say you name your daughter as the payable-on-death a beneficiary of your bank account pioneered as she presents the death certificate the bank

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