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Simple English definitions for legal terms

Net Probate Estate

Read a random definition: ex parte communication

A quick definition of Net Probate Estate:

Net Probate Estate: The net probate estate is everything a person owned that goes through a special court process after they die. This process is called probate. It does not include things that were given away before they died or things that were owned jointly with someone else.

A more thorough explanation:

The net probate estate refers to the total assets of a deceased person that are subject to probate court administration. This excludes any assets that are considered will substitutes, such as joint tenancy property or assets held in a living trust.

For example, if a person dies and leaves behind a will, the assets that are listed in the will and are subject to probate court administration would be considered part of the net probate estate. However, if the person had a joint bank account with their spouse, the funds in that account would not be included in the net probate estate because they would automatically transfer to the surviving spouse outside of probate.

Another example would be if a person had a life insurance policy with a named beneficiary. The proceeds from that policy would not be included in the net probate estate because they would go directly to the named beneficiary outside of probate.

net operating loss (NOL) | Nevada

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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