Define: Probate Estate:
All of decedent’s property that passes through probate i.e., all property owned at death that is not held in joint tenancy, a living trust, a bank account trust, or in a life insurance policy.
All of decedent’s property that passes through probate i.e., all property owned at death that is not held in joint tenancy, a living trust, a bank account trust, or in a life insurance policy.