Question: I have been assigned to make a completed inventory sheet using the inventory below. . I have been using the PC-400 Inventory form to complete

I have been assigned to make a completed inventory sheet using the inventory below.

.

I have been using the PC-400 Inventory form to complete the assignment. The PC-400 can be accessed on a probate court website. Thank you for all the help

1.Asset:17 South Street, Manchester Connecticut

Title:"Patricia McGowan"

FMV:$400,000

2.Asset:Bank of America Checking Account no. 1234

Title:"Patricia McGowan"

FMV: $65,000

3.Asset:Webster Bank CD account no. 9876

Title:"Patricia McGowan & Leslie M. Smythe, JTWROS"

FMV: $35,000

4.Asset: 500 shares Exxon Mobil Corp. common stock

Title:"Patricia McGowan"

FMV: $50 per share

5.Asset: 1,000 shares General Electric Co. common stock

Title:"Patricia McGowan POD Leslie M. Smythe"

FMV: $35 per share

6.Asset: MetLife life insurance policy no. 87769

Owner: Patricia McGowan

Insured:Patricia McGowan

Beneficiary: Leslie M. Smythe

Death Benefit:$100,000

7.Asset:Genworth life insurance policy no.E00178

Owner: Patricia McGowan

Insured:Patricia McGowan

Beneficiary: Estate of Patricia McGowan

Death Benefit:$10,000

8.Asset:Fidelity Individual Retirement Account

Owner: Patricia McGowan

Beneficiary: Adam W. McGowan and Roger D. McGowan, equally

FMV: $300,000

9.Asset:2006 Nissan Sentra VIN No. 54321ABC

Title:"Patricia McGowan"

FMV:$12,500

10. Asset: Miscellaneous clothing, furniture, jewelry and personal effects

Title:"Patricia McGowan"

FMV: $1,000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Law Questions!