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
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Insights and advice on trust and probate estate litigation from our blog.
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