What Needs to Be Included in the Schedule of Assets?

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Every asset that needs to be administered has to be included in the Schedule of Assets.

Typical assets that are in an estate include property, cars, stocks, insurance and money held in bank accounts.

If any asset is not in the Schedule of Asset, the institution that holds the asset will not release the asset to the Executor / Administrator. In this situation, the Executor / Administrator will have to ask the Probate Lawyer to amend the Schedule of Assets to include the missing asset.

An amendment to the Schedule of Assets is a separate application from the initial extraction of the Grant of Probate / Letters of Administration, and the Probate Lawyer will have to charge an additional fee for processing the application to amend the Schedule of Assets.

Categories: Schedule Of Assets Grant of Probate Letters of Administration