Assets That Slip Through the Cracks

The tangible personal property, cash, bank & securities accounts, real property, and so forth are all pretty self-evident.  Assets that are often overlooked usually fall through some of the following cracks:

  • Income items that were due and payable but not yet paid at Decedent’s death; examples:
    • Interest due,
    • Paychecks due,
    • Refunds due,
    • Rents due, etc.
  • Security deposits.
  • Cash value of insurance policies owned by Decedent on another’s life.
  • Decedent’s community property interest in surviving spouse’s IRAs and employee benefit plans.