Objection concerning the inventory may come from three areas. There are items on the inventory that are owned by someone else, there are missing assets not included on the inventory, or the value of the assets listed is incorrect. If…
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The heirs and beneficiaries must receive a copy of the inventory by certified mail or must waive notice. Once notice is received, each beneficiary has five days before the hearing date on the approval of the inventory to file objections…
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The executor/administrator must file with Probate Court an inventory of the estate assets. The inventory is due within three months of being appointed. The Court can extend the time for filing of the inventory. This is a detailed list of…
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All assets owned by the decedent as of the date of death are valued at fair market value. Therefore, many assets like; real estate, closely held family businesses, antiques, and collections need to be appraised by a professional appraiser. Stocks…
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The executor will typically locate assets by going through the decedent’s personal records and mail, a review of the past two years of income tax returns, and a review of canceled checks for the past year. One of the first…
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