what are considered assets upon a persons death?

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what are considered assets upon a persons death?

2007-04-30 05:32:51 · 3 answers · asked by EUGENE W 1 in Politics & Government ➔ Law & Ethics

3 answers

Everything the person owned and possessed at death becomes part of his or her estate -- except those things such as jointly held or trust property that are co-owned by or automatically pass to another individual.

2007-04-30 05:38:01 · answer #1 · answered by Anonymous · 0⤊ 0⤋

Estate-Debt=Assets

2007-04-30 05:36:44 · answer #2 · answered by RICHARD W 3 · 0⤊ 0⤋

Assets are the money in banking accounts, homes, vehicles, and other property...etc!

Best wishes.

2007-04-30 05:38:39 · answer #3 · answered by KC V ™ 7 · 0⤊ 0⤋