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You must simply complete a beneficiary designation form for the particular account and file it with the appropriate financial institution (life insurance company or employer), and your beneficiary will be able to avoid probate and automatically gain control when you die.

First and foremost, there are a number of asset types that typically do not pass through probate. This includes life insurance policies, bank accounts, and investment or retirement accounts that require you to name a beneficiary.

There are many items which must go through the probate process: real estate, bank accounts with no beneficiary designation, stocks and bonds, and tangible assets (ex: jewelry, art, furniture, vehicles).

Assets that have a named beneficiary. Many times you can name a beneficiary on a bank account, retirement account, or life insurance policy. These assets do not need to go through probate before they are distributed.

With No Will/Non-Probated Will If the vehicle has a Georgia title with only one owner listed and they are deceased and did not have a will, and you are the inheritor, you can sell the vehicle by first titling the vehicle in your name by following the Georgia inheritance procedures.

Examples of probate assets are: Bank accounts that are owned solely by the loved one. Life insurance policies with no beneficiary designation. Automobiles (cars), recreational vehicles, motorcycles.

The probate process begins when the decedent passes away. A petition is filed with the proper court to have probate opened.

In Georgia, there is no specific estate value that requires probate. It depends on whether the deceased owned probate assets that must be settled.

To avoid probate in Georgia, you can establish ?transfer-on-death? or ?payable-on-death? provisions for various accounts and securities. This is essentially naming a beneficiary who would receive the balance of any specific accounts when you pass away, without having to go through probate.