Probate Explained: What Happens to Assets After Someone Dies

Losing a loved one is one of life's most difficult experiences. Amid the grief, families often face the added burden of navigating the legal process of "probate"—settling the deceased person's affairs and transferring their assets to heirs .

60% of Americans

do not have a will, leaving their assets to be distributed by state intestacy laws

In 2026, probate processes are evolving across multiple jurisdictions—from new digital filing systems in Australia to significant fee increases in the UK and procedural updates in US courts . This guide explains exactly what happens to assets after someone dies, the roles of key players, and what families need to know in 2026.

"Probate is a court-supervised process for identifying and collecting a decedent's assets, paying taxes, claims and expenses and distributing the decedent's assets to his or her named beneficiaries."

— Eleventh Judicial Circuit of Florida

Probate Assets vs. Non-Probate Assets

Probate Assets

Assets owned solely by the deceased at death, with no named beneficiary or joint owner with rights of survivorship .

  • Real estate titled in the deceased's name only
  • Bank accounts without payable-on-death (POD) designation
  • Stocks, bonds, securities registered solely
  • Personal property (vehicles, jewelry, art)
  • Life insurance or retirement accounts naming the estate as beneficiary
These assets must go through probate to be legally transferred to heirs .

Non-Probate Assets

Assets designed to bypass probate and pass directly to beneficiaries .

  • Jointly held property with right of survivorship
  • Bank accounts with POD/TOD designation
  • Life insurance policies naming specific beneficiaries
  • Retirement accounts (401k, IRA) with named beneficiaries
  • Assets held in a trust
Non-probate assets can save time, money, and privacy .

Why this matters: Probate can take months to years, incur significant court and attorney fees, and become a public record. Non-probate assets transfer more quickly and privately .

What Happens If There Is No Will? (Intestate Succession)

If someone dies without a valid will, they are said to have died "intestate." State law determines who inherits probate assets. The general order of priority :

Surviving Spouse
First priority, often receives all or a significant share
Children & Descendants
Next in line; may share with spouse depending on state
Parents
Inherit if no spouse or descendants
Siblings & Their Descendants
Next after parents
Important: Certain exemptions exist for homestead property and statutory family allowances . The court will appoint an administrator (often the surviving spouse or another interested person) to manage the estate.

Key Players in the Probate Process

Executor / Personal Representative

Named in the will to manage the estate through probate. If no will, the court appoints an administrator .

Duties include :

  • Filing the will with the probate court
  • Gathering and inventorying assets
  • Paying debts, taxes, and final expenses
  • Distributing remaining assets to beneficiaries
  • Keeping detailed records and accounting to beneficiaries and court
Has a fiduciary duty to act in the best interests of the estate and beneficiaries .

Trustee

Manages assets held in a trust, following instructions in the trust document .

  • Invests and manages trust assets
  • Makes distributions to beneficiaries
  • Files tax returns for the trust
  • Must act with undivided loyalty to beneficiaries
Trustees have a strict fiduciary duty; can be an individual or professional trust company .

Guardian of Minor Children

Appointed in the will (or by the court) to care for minor children if both parents die .

  • Guardian of the person: responsible for day-to-day care
  • Guardian of the estate: manages inheritance until child reaches 18
For parents, this is arguably the most important decision in your estate plan .

2026 Probate Fee Updates: What's Changed

England & Wales

£300 application fee

Flat rate for estates valued at more than £5,000 (increased from £273 in May 2024) .

Official copy fees:

£1.50£16 +967%
Effective November 17, 2025

Impact: Ten official copies now cost £160 (formerly £15). Many financial institutions require sealed originals, so families may need multiple copies .

Higher copy fees apply to all requests, even years after probate

New South Wales

Online Registry now mandatory for most uncontested applications (since 2023) .

4–8 weeks typical processing

Delays persist due to high volumes and requisitions for incomplete applications .

Court fees vary by estate value; professional fees are additional.
14‑day notice of intention required before filing .

Franklin County, Ohio

Procedural change effective February 23, 2026: The court will no longer issue a "Notice of Compliance - Legal" in new large estates .

Streamlined

Filers may now upload proposed entries immediately upon receiving the clerk's Notice of Compliance, without waiting for additional notification .

This change aims to reduce delays in estate administration.

Professional Estate Administration Fees (UK Example)

Grant Only (205)
£1,750 +VAT
Circe Law, 2026
Grant Only (400)
£2,500 +VAT
Simple Estate Admin
£4,000–£6,000 +VAT
Professional fees vary depending on complexity; fixed fees may be available for straightforward matters.

2026 Court Rulings & Procedure Updates

Ontario Superior Court
2025
Mavalwala Estate v. Fast, 2025 ONSC 4100
Confirmed that only physically executed wills are valid. Electronic drafts are not valid .
Supreme Court of Victoria
January 12, 2026
Updated Practice Notes SC CL 6 & 7
New procedures for Trusts, Equity and Probate List and Testators Family Maintenance List. Emphasis on early case management and dispute resolution .
Franklin County, Ohio
February 23, 2026
Estates Procedure Change
No more "Notice of Compliance - Legal" for new large estates; filers may submit entries immediately .

Small Estates: Simplified Procedures

Many states offer simplified probate procedures for small estates. For example, Florida provides "Disposition Without Administration" when:

No formal administration is necessary and no real property is involved .
Pursuant to Florida Statute 735.301, this streamlined process avoids the full probate procedure .
Check your jurisdiction's small estate threshold—often based on total asset value and whether real estate is included.

Executor's 2026 Probate Checklist

Locate Will & Documents

Find original will, death certificates, financial records, and beneficiary designations.

First Step

Publish Notice (NSW)

In NSW, publish a Notice of Intention at least 14 days before filing .

File Application

File will and application with probate court. In NSW, use Online Registry .

Inventory Assets

List all probate assets with valuations.

Budget for Fees (UK)

£300 application fee; £16 per official copy; order only necessary copies .

Expect Delays

NSW processing: 4–8 weeks for straightforward cases .

Pay Debts & Taxes

Notify creditors, pay valid claims, file final tax returns.

Distribute Assets

After court approval, distribute to beneficiaries per will.

How to Avoid Probate (Where Desired)

Planning Strategies

  • Revocable living trust: Transfer assets to trust during lifetime
  • Joint ownership: With right of survivorship
  • Beneficiary designations: POD/TOD on accounts, life insurance, retirement
  • Small estate procedures: Where available
Proper planning can save your loved ones time, money, and stress .

When to Seek Professional Help

You should consult an experienced probate or estate planning attorney if :

  • The estate is large or complex
  • There are disputes among beneficiaries
  • Real estate is involved, especially in multiple states
  • The will appears to be missing or invalid
  • There are potential creditor claims
  • You are unsure about your duties as executor
  • You need to interpret the will's provisions

The Florida Bar has a lawyer referral service at 1-800-342-8011 . Many firms offer free initial consultations.

Planning Brings Peace of Mind

Understanding the probate process is essential—whether you're planning your own estate or serving as executor for a loved one. Key takeaways for 2026:

  • Probate assets: Those solely in the deceased's name without beneficiary designations—they must go through court .
  • Non-probate assets: Jointly owned property, accounts with named beneficiaries, and trust assets—bypass probate .
  • 2026 fee changes: UK probate application fee £300; official copy fees increased 967% to £16 .
  • Court updates: Ohio streamlines large estate filings ; Victoria emphasizes early case management .
  • No will: State intestacy laws determine distribution, which may not align with your wishes .

Probate can be a lengthy, costly, and public process . But with proper planning—using trusts, beneficiary designations, and joint ownership—you can spare your loved ones unnecessary stress during an already difficult time.

As one court noted, "Probate is necessary to wind up the affairs the decedent leaves behind" . Ensuring those affairs are in order is one of the greatest gifts you can leave your family.