Probate Estate The total value of a decedent's assets. Probate estate includes the decedent's own property, but not the assets placed in trust, payable-on-death accounts, or other assets over which the decedent had control, but did not directly belong to him/her. The probate estate is ...
a.the official certificate stating a will to be genuine and conferring on the executors power to administer the estate b.the probate copy of a will 3.(Law) (in the US) all matters within the jurisdiction of a probate court 4.(Law) (modifier) of, relating to, or concerned with probate...
In most states, if a decedent owned real estate in their name only, the small estate rule doesn't apply, and the estate will go through probate. Wills and Public Record Wills need to be accessible after the probate process is finished because someone (such as a creditor) missed during pro...
Even if there is a will, probate may not be necessary if the estate is small with no real estate title to be transferred, or all of the estate is either jointly owned or community property. Reasons for avoiding probate are the fees set by statute and/or the court (depending on state ...
Though probate, from the Latin probare,“to test or prove,” is usually used for wills, it can also be applied to other legal documents, as in the proving of the validity of a document, or an official certification proving the document is real. Probate is also a verb meaning “to ...
the payment of bills,and the distribution of assets.Some states have exemptions for small estates,which may avoid probate.Other states have no exemptions.Probate will need to be opened in every state in which a decedent owns assets,including real estate,unless there is a specific state exemption...
from the Latinprobare, “to test or prove,” is usually used for wills, it can also be applied to other legal documents, as in the proving of thevalidityof a document, or an official certification proving the document is real. Probateis also a verb meaning “to place a convicted person...
Probate courts commonly look at assets including real estate, bank accounts, investment accounts, personal effects and business interests like LLCs and corporations. Pay outstanding debts. In most cases, the first expenses the estate pays are funeral expenses and taxes. After that, the executor is...
The Superior Court also has ancillary jurisdiction over the real and personal property of a decedent located in New Jersey that is/was owned or in possession of at the time of death by a non-resident decedent who dies intestate, meaning without a will or trust. ...
I now understand why the meaning behind the name. David and his staff are truly a Proven Resource! J. James "Attorney David Soble lives up to his firm's namesake, "Proven Resource." I appreciate knowing that when my clients need a diligent and responsive real estate or contracts attorney,...