Question
I am in Probate and Estate Administration. I am assigned a project to list the assets from a generic will that will be included in
I am in Probate and Estate Administration. I am assigned a project to list the assets from a generic will that will be included in probate administration. I need help identifying the assets listed below that will be included with probate administration. I need to know what assets are probate assets.
Asset of Patricia F. McGowan
1.Asset:17 South Street, Manchester Connecticut
Title:"Patricia McGowan"
FMV:$400,000
2.Asset:Bank of America Checking Account no. 1234
Title:"Patricia McGowan"
FMV: $65,000
3.Asset:Webster Bank CD account no. 9876
Title:"Patricia McGowan & Leslie M. Smythe, JTWROS"
FMV: $35,000
4.Asset: 500 shares Exxon Mobil Corp. common stock
Title:"Patricia McGowan"
FMV: $50 per share
5.Asset: 1,000 shares General Electric Co. common stock
Title:"Patricia McGowan POD Leslie M. Smythe"
FMV: $35 per share
6.Asset: MetLife life insurance policy no. 87769
Owner: Patricia McGowan
Insured:Patricia McGowan
Beneficiary: Leslie M. Smythe
Death Benefit:$100,000
7.Asset:Genworth life insurance policy no.E00178
Owner: Patricia McGowan
Insured:Patricia McGowan
Beneficiary: Estate of Patricia McGowan
Death Benefit:$10,000
8.Asset:Fidelity Individual Retirement Account
Owner: Patricia McGowan
Beneficiary: Adam W. McGowan and Roger D. McGowan, equally
FMV: $300,000
9.Asset:2006 Nissan Sentra VIN No. 54321ABC
Title:"Patricia McGowan"
FMV:$12,500
10. Asset: Miscellaneous clothing, furniture, jewelry and personal effects
Title:"Patricia McGowan"
FMV: $1,000
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