
A third step in the probate process:
During probate all assets in the Estate are usually FROZEN so that an accurate inventory and appraisal can be made.
That simply means, that during thios period NONE of the assets can be distributed or sold without written permission from the court.
Quite often the court will require formal written appraisals for many items, such as real estate, antiques, collectibles, automobiles, furniture and other valueable assets.
Here again, appraisal fees can become expensive and like All probate expenses, are paid out of the estate funds.
People can quite often make amazing savings on these time consuming efforts by the court, by making and having on hand their own up-to-date assets and possessions inventory recorded, and stored with the location of their Will.
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