Assertion: probate's asset | /r/HasProperty | owned by the deceased
Facets:
value: jointly
type: MANNER
value: at the time of death
type: TEMPORAL
value: individually
type: MANNER
Source sentences:
text: Probate is required if the assets were owned solely by the deceased.
text: Second, the person offering the will for probate or seeking to qualify should know all the assets owned by the deceased and, as accurately as possible, the value of those assets.
text: Assets that go through probate include any asset that is individually owned by the deceased and not subject to a contract or a statute (law) governing the transfer of ownership.
text: The total value of the estate is the value of all assets owned by the deceased at the time of death, including:
text: Before you can determine if a probate for a deceased person is required, somebody in the family must prepare an inventory of the assets owned by the deceased before and after death.
text: After you identify all of the assets owned by the deceased at the time of death, you must now determine if the ownership of the account transferred automatically on death or if the account remains in the name of the deceased.
text: When paying EAT, all assets owned by the deceased which form part of the deceased’s estate that is subject to probate must be included (see below for exclusions).
text: Probate is not always required, for example if the only assets of the deceased is the home which is jointly owned by the survivor & the deceased, or if the investments are minor (eg small bank balances).