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.
The law provides that "[a]ny spouse, parent, brother, sister or child of a disabled person who dedicates himself or herself to the care of the disabled person by living with and personally caring for the disabled person for at least 3 years shall be entitled to a claim against the estate upon the death of the disabled person." (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).
Grehan's work concentrates on a period or" thirteen years (1750-63), which corresponds to his analysis of 1,000 probate estate inventories (tarikat) registered during those years with the Ottoman law courts in Damascus, which themselves constitute the main source of primary information for his study.
Unlike Hawley and Main, Judith McGaw (26) only casually compares the frequency of guns in probate estates to other common items.
Total physical wealth is related to gun ownership, with 74-78% of the most elite estates having guns and only 7% of the poorest probate estates owning guns.
In some jurisdictions, cases hold that a trustee may distribute the trust assets to the current owners of the remainder, without reopening probate for a deceased remainderman.(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.
While trusts must file calendar year tax returns,
probate estates can file fiscal year returns.
Hence, a decedent's estate may include probate assets (
probate estate) as well as property passing to a decedent's beneficiaries outside of probate (nonprobate estate).[1]
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).