Which of the following properties does not pass through probate?

Jointly held bank accounts typically do not pass through probate because they are often structured with rights of survivorship. This means that when one account holder dies, the surviving account holder automatically becomes the sole owner of the account, bypassing the probate process entirely. This characteristic is a common feature of jointly held property, where the intent is to allow for immediate transfer of ownership upon the death of one party, ensuring that the funds are readily accessible to the survivor without legal delays.

In contrast, other options involve property that does require probate. Real estate owned solely by the decedent is subject to probate processes because it is part of the decedent's estate. Personal property listed in the will also goes through probate, as it needs to be administered according to the terms of the will. Debts owed to the decedent, although not property in the traditional sense, are also part of the deceased's estate and may be addressed during the probate process to settle the estate's financial affairs. Thus, only jointly held bank accounts distinctively avoid going through probate, reinforcing the reason for their unique status.