Property of a decedent that is not part of a probate estate is ________ property.
A) Exempt
B) Nonbequeathable
C) Nondevisable
D) Nonprobate
E) Divisible

Question

Quizplus · Accepted Answer

Nonprobate property refers to assets that pass to heirs without going through the probate process. This can include assets held in joint tenancy, life insurance proceeds payable to a named beneficiary, and accounts designated as "payable on death" or "transfer on death," among others. These assets bypass the probate process and go directly to the designated beneficiaries.

Property of a Decedent That Is Not Part of a Probate