Estate Settlement

Equitable Distribution
Equitable distribution refers to the fair division of property among interested persons, most commonly observed during divorce proceedings or the settlement of estates.
Probate Assets
Probate assets are those assets within an estate that are subject to probate and court disposition, and thus become part of public records.
Tax Waiver
A tax waiver is a document issued by the state specifically stating that the tax department consents to the transfer of stock or real estate ownership. It is often needed to settle an estate or transfer property legally.

Accounting Terms Lexicon

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