Popular searches: probate  probate attorney  write a will  

Probate Estate

Probate estate is another name for probate assets and covers the property of a deceased person that must go through probate before it is able to be distributed. The probate estate contains any property that is not considered exempt and that must be included in the probate process. Many of the assets that are considered the probate estate could have been sheltered from probate using an estate planner, these include real estate, savings accounts, CDs, checking accounts, credit union accounts, safety deposit boxes, and stocks and bonds. If these items are placed in a trust prior to death they are not considered part of the estate and so are not subject to estate tax. However, if these are not sheltered in a trust they are part of the probate estate and subject to be taxed.

Fast Facts

  • Property left to a spouse is not considered part of the probate estate due to the marital exemption rule.
  • Life trusts can be established with a pour-over clause added to the will to keep a large portion of property out of the probate estate.

probate estate - Lawyers, Articles and Q&A

Search Results for "probate estate"

Articles

Results 1-5 of 277 for "probate estate"

Q&A

Results 1-5 of 56 for "probate estate"

From Around the Web

Results 1-5 of 23 for "probate estate"

LA-WS4:0.7.13.100721.9461