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Property, Vehicles, and Utilities

What about their personal property — furniture, jewelry, collections?

Short answer

Personal property is an estate asset. The executor is responsible for inventorying and protecting it. For probate estates, assets should not be distributed until the court authorizes it. For trust estates, the trustee distributes per the trust terms. Selling or giving away…

What this usually means

Personal property is an estate asset. The executor is responsible for inventorying and protecting it. For probate estates, assets should not be distributed until the court authorizes it. For trust estates, the trustee distributes per the trust terms. Selling or giving away assets prematurely can create legal liability for the executor or trustee.

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