Which is an example of probate property?
A)Annuity contracts with a named beneficiary
B)Property owned in tenancy
C)Money placed in a bank account as a Totten trust
D)Gain from the sale of a business

Question

Quizplus · Accepted Answer

Probate property includes assets that are solely owned by the deceased and do not have a designated beneficiary or joint ownership arrangement. Gain from the sale of a business would be considered probate property if it was solely owned by the deceased.

Which Is an Example of Probate Property