A quick release assembly for remotely actuating operative disconnection between vehicles by decoupling a hitch assembly having a telescopic and swiveling probe assembly carried in a housing assembly and mounted on the towed vehicle. In one embodiment, the release assembly includes an actuator remotely controlled from the towing vehicle that releases the components retaining the probe assembly in the housing. In another embodiment, an actuator remotely controlled from the towing vehicle decouples the entire hitch assembly from the associated vehicle. In both instances, the towing vehicle may resume movement clear of the towing vehicle. Thereafter, the probe assembly and/or the hitch assembly may be recoupled for subsequent use.