Estate assets
What the estate owns
List everything the estate owns. This shapes the estate accounting.
Inventory total$568,300.00
Assets4
Passes outside probate$150,000.00
Named-beneficiary assets usually pass outside probate. Of the total above, $418,300.00 stays in the probate estate. Keep them on this list even so. Which assets pass outside probate is part of the answer, so removing them takes away the reasoning rather than tidying it.
| Asset | Type | Value at date of death | Probate treatment | Actions |
|---|---|---|---|---|
| The house on Chestnut Street | Real estate | $385,000.00 | ||
| First Horizon checking | Bank account | $22,100.00 | ||
| Term life policy | Life insurance | $150,000.00 | ||
| 2016 Toyota Camry | Vehicle | $11,200.00 |
Settled is not a law firm. Terms · Privacy · Your privacy choices · Support