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Real Estate
In addition to the underlying land, "real
estate" also includes everything that is permanently attached to
the land, such as a house. A parcel of vacant land valued
at $50,000 that later has a $250,000 house constructed on it
will have a total real estate value of $300,000.
Enter the
amount of your
estate value that is attributable to real estate located within this
state. If the real estate is located in a state other than
that for the current
Intestacy Calculator™
you are using, you will not include its value here.
To determine the distribution of intestate real estate, open the
Intestacy Calculator™ for the state of its physical location and
use its value as the estate value and, if asked, as the real
estate value.
For example, if you entered an estate value
of $500,000 which includes a second home located in the state
that is valued at $100,000 you will enter $100,000 in this box.
If, on the other hand, the second home is
located in another state, you should reset the Intestacy
Calculator™ and use and estate value of $400,000. When
complete, open the Intestacy Calculator™ for the state where the
real estate is located and enter an estate value of $100,000.
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