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LSDefine

Simple English definitions for legal terms

closing of estate

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A quick definition of closing of estate:

Closing of Estate: When someone dies, they may leave behind property and assets that need to be distributed to their heirs. The process of distributing these assets is called the administration of the estate. Once all the assets have been distributed, taxes have been paid, and necessary accounts have been filed with the probate court, the estate is considered closed. This means that the process of handling the deceased person's property and assets is complete.

A more thorough explanation:

Definition: The closing of estate refers to the completion of the administration of a deceased person's estate. This is done by the administrator distributing the assets of the estate, paying taxes, and filing necessary accounts with the probate court.

Example: When John passed away, his estate was left to his wife and children. The administrator of the estate was responsible for paying off any debts and taxes owed by John, and then distributing the remaining assets to his heirs. Once this process was complete, the estate was considered closed.

Explanation: This example illustrates the process of closing an estate. The administrator must first settle any outstanding debts and taxes before distributing the remaining assets to the heirs. Once this is done, the estate is considered closed and the heirs can move on with their inheritance.

closing agreement | closing price

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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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