There are two types of assets involved with estate administration: probate assets and non-probate assets. Probate assets require the estate to be opened, and non-probate assets do not. A determination as to the nature of the decedent’s assets is required before any additional steps can be taken. This section primarily deals with probate assets, please see the Non-Probate Assets section for more information.
Probate assets are owned by one person, and will be passed down through the will and estate administration process. Probate assets do not include property that will pass down to the beneficiary through a contract or deed.