Module 04 Content
Purpose- To demonstrate the ability to accurately correct estate financial documents.
Course Competency: Correct financial errors in property and estate planning cases.
The firm is currently in the middle of probating the estate of Frank Nussbaum. You have taken over the case from a paralegal who has recently left the firm, and need to review her work to ensure the documents are accurate. When you review the inventory you notice some discrepancies. Below is a PDF of her work:
Previous Paralegal Inventory
You have been tasked with correcting the inventory using the form located below, to ensure the inventory is accurate.
You can attach several copies of the form if needed to include all categories of property. You should use the following facts in drafting the inventory:
123 Main Street, Anywhere TN 78282 valued at 100,000 with $50,000 left on a mortgage
Rings valued at $1000
Household furnishings valued at $500 through a goodwill estimate
Bank account at Main Bank #28299992 with balance of $11,548
Life insurance policy payable directly to son Ethan in the amount of $10,000
Stock in Apple in the amount of $150,000
Stock in BP Oil in the amount of $7,845
Mutual Funds through First Chance Brokerage, # 387772 valued at $45,124
2015 Chevy Tahoe, worth $3,400 according to Kelly Blue Book