Related Definitions
What is an Asset?
Any property, money, or valuables owned by an individual or estate that can be used to pay debts or be distributed to beneficiaries.
Any property, resource, or item of value that a person owns and which becomes part of their estate after death. Assets can include real estate, personal property, financial accounts, stocks, bonds, retirement accounts, and business interests. In probate and trust litigation, identifying and valuing all assets is a crucial step to ensure that the estate is properly managed and distributed according to the decedent’s wishes or state law.
Overseeing Probate Administration?
RMO provides legal guidance in contested probate matters.Serving clients across California and Texas
Related Articles
Insights and advice on trust and probate estate litigation from our blog.
- Estate Litigation
- 12 min read
- Published on
Key Takeaways Introduction A pretermitted child is a child who was unintentionally excluded from a will by their parent because the will or trust [...]
Key Takeaways Introduction A pretermitted child is a child who was unintentionally excluded from a will by their parent because the will or trust […]
- Inheritance
- 5 min read
- Published on
Key Takeaways Introduction Inheriting millions of dollars or any large sum of money can be a life-changing experience, but it also raises many questions [...]
Key Takeaways Introduction Inheriting millions of dollars or any large sum of money can be a life-changing experience, but it also raises many questions […]
- Estate Dispute
- 13 min read
- Published on
Key Takeaways Introduction Estate litigation occurs when a dispute arises between interested parties in an estate and requires court intervention for resolution. Disputes that [...]
Key Takeaways Introduction Estate litigation occurs when a dispute arises between interested parties in an estate and requires court intervention for resolution. Disputes that […]
- Probate Estate Litigation
- 11 min read
- Published on
Key Takeaways Introduction High-value probate cases often have a complex portfolio of assets with valuable forms of property spread out across multiple jurisdictions. With [...]
Key Takeaways Introduction High-value probate cases often have a complex portfolio of assets with valuable forms of property spread out across multiple jurisdictions. With […]
- International Probate
- 18 min read
- Published on
Key Takeaways Introduction High-net-worth individuals with complex estates and a significant number of assets and heirs in multiple countries are often subject to added [...]
Key Takeaways Introduction High-net-worth individuals with complex estates and a significant number of assets and heirs in multiple countries are often subject to added […]
- Undue Influence
- 15 min read
- Published on
Key Takeaways Introduction High-value estates feature a large portfolio of assets with considerable financial value. Having important estate fraud prevention safeguards in place is [...]
Key Takeaways Introduction High-value estates feature a large portfolio of assets with considerable financial value. Having important estate fraud prevention safeguards in place is […]
- Trust Administration
- 14 min read
- Published on
Key Takeaways Introduction A trust is a legal arrangement established by the trust creator to transfer assets into the ownership of the trust, managed [...]
Key Takeaways Introduction A trust is a legal arrangement established by the trust creator to transfer assets into the ownership of the trust, managed […]
- Trust Litigation
- 13 min read
- Published on
Key Takeaways Introduction A trustee plays a vital role in the administration of a trust, as it is their responsibility to distribute trust assets [...]
Key Takeaways Introduction A trustee plays a vital role in the administration of a trust, as it is their responsibility to distribute trust assets […]
- Trust Disputes
- 16 min read
- Published on
Key Takeaways Introduction High-value estates are often more susceptible to disputes and litigation because they involve multiple beneficiaries, complex asset structures, valuable assets, and [...]
Key Takeaways Introduction High-value estates are often more susceptible to disputes and litigation because they involve multiple beneficiaries, complex asset structures, valuable assets, and […]
- Uncategorized
- 14 min read
- Published on
Key Takeaways Introduction During the probate of high-value estates, business interests may cause several types of controversies among heirs or beneficiaries of the estate. [...]
Key Takeaways Introduction During the probate of high-value estates, business interests may cause several types of controversies among heirs or beneficiaries of the estate. […]
- Probate Law
- 12 min read
- Published on
Key Takeaways Introduction Yes, you can live in a home during probate under select circumstances. However, this is not always the case. To be [...]
Key Takeaways Introduction Yes, you can live in a home during probate under select circumstances. However, this is not always the case. To be […]
- News
- 2 min read
- Published on
California and Texas probate litigation law firm RMO LLP announced today that 7 of our attorneys have been included in the 2026 edition of [...]
California and Texas probate litigation law firm RMO LLP announced today that 7 of our attorneys have been included in the 2026 edition of […]