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.