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In New York State does a will need probate if total assets are less than a certain dollar amount?
Wiki User
∙ 16y ago
If you have a will, it needs to be probated. Otherwise there could be legal reprocussions later on regarding debts and real property ownership.
Wiki User
∙ 16y ago
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Why is inventory classified as a current asset?
How to determine the total dollar amount of assets and how they can be classified as current assests.
Are computers fixed assets?
It depends on your capitalization policy. Many companies will not capitalize an item under a certain dollar amount. So, if a minimum amount is set at $500 and you purchase a $450 computer, it would become an expense. If you purchase a $600 computer, it would be a fixed asset.
Is often a certain percent of the dollar value of sales or a certain amount per item sold?
Probably looking for "mark-up".
Converting a 1985 dollar amount to a 2010 dollar amount?
Convert 1985 dollar amount to 2013 dollar amount
What are non-dollar assets?
real estate
What are non dollar assets?
real estate
How And Where The Loan Amount Will Be Used Is There Any Limitation?
It's important to place, at length, the area in which your dollar is going to be spent. You have to set the total amount which will go to the procedures, the assets or qualities, or the company financial obligations.
How many signatures are needed For a company checks over a certain dollar amount?
That depends on the company rules.
Is probate procedure required in Illinois?
A probate proceeding is required when a person dies who is the sole owner of property. Title to real estate must pass through probate in order to vest in the heirs. In some jurisdictions there is a speedy process when there is personal property under a minimum dollar amount or the only property is a motor vehicle. You should seek the advice of an attorney.
What kinds of cases are heard in small claims court?
Small claims courts typically handle cases involving disputes over small amounts of money, commonly ranging from a few hundred to a few thousand dollars. Common types of cases heard in small claims court include landlord-tenant disputes, breach of contract, property damage, and unpaid debts. These courts provide a simplified and expedited process for individuals to resolve disputes without needing to hire an attorney.
How do you calculate how much to pay each debt from an estate?
You take the total assets, divide it by the total amount available. In the simplest form, if there are $100,000 in debt and $25,000 in assets, each debtor would the 25 cents for every dollar owed them.
Are grants tax free?
Over a certain dollar amount I think you have to claim it as extra income on your tax return.
