Woodburn, OR asked in Estate Planning for Tennessee

Q: What is included in the total value of an estate?

Does the total include just the house and cars or the contents (jewelry, expensive antiques, high end furniture) as well?

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2 Lawyer Answers
Nina Whitehurst
Nina Whitehurst
PREMIUM
Answered
  • Estate Planning Lawyer
  • Crossville, TN
  • Licensed in Tennessee

A: It includes the contents as well, everything that wasn’t previously transferred to a trust.

1 user found this answer helpful

Anthony M. Avery
Anthony M. Avery
PREMIUM
Answered
  • Estate Planning Lawyer
  • Knoxville, TN
  • Licensed in Tennessee

A: You need to perform a title search to determine who owns the house and lot. If the decedent died without a will being probated, then the house goes to the Heirs and is not part of the Estate. With a Probated Will, there is probably a Devise through the Testate Estate, if the decedent owned the house. With some properties, like accounts and stocks, you must examine how they are titled. Most all personal property will be part of the Estate.

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