Some states only look at probate estates for recovery, while others include assets to which the deceased had any legal title -- including jointly held assets.
A will is, in short, a state-governed legal document that outlines who will receive a deceased person's probate estate -- the assets that are only in their name when they die.
As of the present, my practice is to seek custodial claims in the probate estates for disabled minors but to advise family members that they could be challenged by the IRS for estate tax purposes.
1) To be eligible, the claimant must have actually lived with the disabled minor or adult, be one of the specifically enumerated relatives, and file a claim in the decedent's probate estate within the six-month claims period.
Appendix A is gender-oriented and lists major articles of furniture in Arabic and/or English (translations are indeed not always possible) with information about localizing the words in specific
probate estates and about whether these estates belonged to women or men; Appendix B uses the same methodology for major utensils for cooking and eating; and Appendix C does the same for major articles of clothing (an in-depth comparative study could be carried out between Grehan's information and analysis and the research published by Establet and Pascual on the very same questions for Damascus around the year 1700).
Unlike Hawley and Main, Judith McGaw (26) only casually compares the frequency of guns in
probate estates to other common items.
45) In a jurisdiction that requires reopening
probate estates to pass title to a remainder not previously inventoried, a simple statute authorizing the trustee to distribute the trust property directly to the persons entitled on the distribution date could cure the problem.
Assets named in a revocable trust avoid the probate costs and additional attorney fees that would be incurred in a
probate estate (although varying from state to state, accounting and attorney's fees and other administration costs can average perhaps three to four percent in a
probate estate versus one to two percent in non-
probate estates).
While trusts must file calendar year tax returns,
probate estates can file fiscal year returns.
They will also demonstrate how Conifer's implementation of a proactive deceased and probate account recovery strategy has increased collections from
probate estates by nearly $3 million in the first two years while also mitigating the company's reputational risk at the same time.
She previously worked at Wells Fargo and Bank of America as a Vice President and Trust Officer where she administered a wide variety of trust and
probate estates.
The gross estate, however, consists of assets that compose the
probate estate and the non-
probate estate.
