SUMMARY PROBATE
\sˈʌməɹi pɹˈə͡ʊbe͡ɪt], \sˈʌməɹi pɹˈəʊbeɪt], \s_ˈʌ_m_ə_ɹ_i p_ɹ_ˈəʊ_b_eɪ_t]\
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A relatively simple probate proceeding available for "small estates," as that term is defined by state law. Every state's definition is different, and many are complicated, but a few examples include estates worth up to $100,000 in California; New York estates where property, excluding real estate and amounts that must be set aside for surviving family members, is worth $20,000 or less; and Texas estates where the value of property doesn't exceed what is needed to pay a family allowance and certain creditors.
By Oddity Software
Word of the day
Dopamine Acetyltransferase
- An enzyme that catalyzes the of groups from acetyl-CoA to arylamines. They have wide specificity for aromatic amines, particularly serotonin, and can also catalyze acetyl transfer between arylamines without CoA. EC 2.3.1.5.