Assertion: probate's asset | /r/HasProperty | owned
Facets:
value: jointly
type: MANNER
value: usually
type: TEMPORAL
Source sentences:
text: whether the assets were jointly owned, their value and whether the deceased made a Will.
text: Assets that are owned in joint tenancy, such as real property or a bank account, or assets that have a beneficiary designation like a life insurance policy or IRA, pass to the beneficiaries by operation of law, and are not subject to the provisions in the will or the probate process.
text: Non-probate assets are usually jointly owned assets, beneficiary-designated items, and trusts.
text: If the estate is very small and simple (usually under £5,000) and/or all the assets were jointly owned (e.g. bank accounts or property), you may not need a Grant.
text: Find out if the assets are jointly owned
text: If assets in the estate are held in trusts, in accounts with designated beneficiaries, or are jointly owned (with the other owner still alive), probate may not be required.
text: Assets that are owned in joint tenancy, such as real property or a bank account, or assets that have a beneficiary designation like a life insurance policy or IRA, pass to the beneficiaries by operation of a contract, and are not subject to the provisions in the will or the probate process.