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Trust Glossary

Probate Estate - Collection of probate assets held by a decedent that pass according to the terms of his/her will or according the laws of intestate succession in the absence of a will. Generally those assets held in decedent’s name alone and, if married, held in the names of the couple as their community property and not subject to a community property agreement.

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The content in this glossary is general in nature and is intended for informational purposes only. It is not intended to provide specific advice or recommendations for any individual or organization, because the facts and circumstances surrounding each situation differ. Please consult your attorney, tax advisor or other professional advisor for advice on your particular situation.

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