Non-Probate Transfer
/ˌnɒnˈproʊbeɪt ˈtrænsfɜːr/
Definitions
- (n.) A transfer of property or assets that occurs outside the probate process, typically passing directly to a beneficiary by operation of law or contract.
The house was passed to the heirs through a non-probate transfer, avoiding lengthy court procedures.
Forms
- non-probate transfer
- non-probate transfers
Related terms
See also
Commentary
Non-probate transfers bypass court supervision, facilitating faster asset distribution but may have different legal implications compared to probate transfers.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.