{"id":2697,"date":"2023-05-15T09:40:50","date_gmt":"2023-05-15T09:40:50","guid":{"rendered":"https:\/\/alcleanscarpet.site\/Weatherby\/2023\/05\/15\/which-assets-must-go-through-probate-in-connecticut\/"},"modified":"2023-06-08T06:17:37","modified_gmt":"2023-06-08T06:17:37","slug":"which-assets-must-go-through-probate-in-connecticut","status":"publish","type":"post","link":"https:\/\/alcleanscarpet.site\/Weatherby\/which-assets-must-go-through-probate-in-connecticut\/","title":{"rendered":"Which Assets Must Go Through Probate in Connecticut?"},"content":{"rendered":"

When an individual dies in Connecticut, that person\u2019s estate must go through probate if he or she has a will or through estate administration if there is no will or the will is invalid. Essentially, the two processes are the same except that in probate the estate\u2019s assets are distributed according to the decedent\u2019s will while in estate administration they are distributed according to intestate laws.\u00a0 In addition, any person who owned real estate located in Connecticut (even if they never were a Connecticut resident)\u00a0at the time of their death must also go through the probate process.\u00a0 this process is referred to as an “Ancillary Probate”. \u00a0For sake of this article, we\u2019ll use the term \u201cprobate\u201d to apply to all three (3) processes.<\/p>\n

However, not every asset a decedent owned will pass through probate. Only three types of assets get probated<\/strong>:<\/p>\n

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  1. Personal possessions, business interests and assets in the decedent\u2019s name (which does not include assets in trusts or owned in the name of a business);<\/li>\n
  2. Assets owned by the decedent in joint tenancy with someone else but with no rights of survivorship, meaning the decedent\u2019s interest in the asset doesn\u2019t pass to the co-owner automatically; and<\/li>\n
  3. Financial and insurance accounts with no living beneficiary designated (see more about this below).<\/li>\n<\/ol>\n

    There are also three kinds of assets that don\u2019t go through probate in Connecticut<\/strong>:<\/p>\n

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    1. Assets owned by a trust or by a corporation or limited liability company<\/li>\n
    2. Assets owned in joint tenancy with rights of survivorship<\/li>\n
    3. Financial and insurance accounts with a designated beneficiary other than the decedent or the decedent\u2019s estate who is living<\/li>\n<\/ol>\n

      Real Estate and Connecticut Probate Laws<\/h2>\n

      When real estate must go through probate, it is usually handled as directed in the will. However, there are some circumstances that would require selling the property instead of passing it on as directed in the will. These include any situation in which selling the real estate is the only practical means of distributing its value appropriately, such as:<\/p>\n