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E S TAT E ESSENTIALS R E A L O F REAL ESTATE ESSENTIALS Features 21 Things I Wish My Broker Had Told Me Guide to Passing the PSI Real Estate Exam The Language of Real Estate Mastering Real Estate
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What is estate?
Estate refers to the total value of a person's assets, including property, investments, and belongings, at the time of their death.
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The executor or administrator of the deceased person's estate is required to file the estate.
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To fill out an estate, the executor or administrator must gather all the necessary financial information, including assets, debts, and expenses, and submit it to the probate court.
What is the purpose of estate?
The purpose of estate is to distribute the deceased person's assets according to their will or state laws, pay off debts and taxes, and close the estate in a legal manner.
What information must be reported on estate?
The estate report must include details of all assets, debts, expenses, taxes, and distributions made from the estate.
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