real estate

Real Estate . . . When does it “real”ly transfer to my heirs?

Real Estate . . .  When does it “real”ly transfer to my heirs?

When people say that real property (which refers to real estate such as your home, as opposed to personal property such as your chairs, tables, jewelry, etc) passes “outside of probate” what does that mean? Simply put – real estate transfers to the new owner at the time of the decedent’s death. It is not subject to the probate process and it transfers immediately (with some provisions that we touch on below).