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September 24, 2008

Probate Inheritance

Probate inheritance includes all assets owned by a person who has died. Assets can include real estate holdings, life insurance policies, financial portfolios, automobiles, recreational vehicles, jewelry, household belongings and other valuables.

Probate inheritance is held in probate court to ensure directives outlined in the decedent's Last Will and Testament are followed. Additionally, all outstanding debts must be paid prior to distributing probate inheritance assets to entitled heirs.

Real Estate Investing article on "Probate Inheritance "