When determining which assets require the probate process, it is important to understand the difference between assets that are categorized as “probate” assets versus those that are “non-probate” assets.   PROBATE ASSETS.   These are assets that are held in the deceased individual’s name at the time of his or her death, and are distributed by the probate process to the heirs or beneficiaries of the estate.  Such assets generally consist of any of the assets that are not otherwise distributed through a non-probate process, as described below.  The probate process used to transfer a probate asset can vary depending on the type of asset and whether a Will exists.  When a valid Will exists and the Will appoints an Independent Executor, the probate process can …