Legal Question in Wills and Trusts in New Jersey

liquid assets

are stocks considerd part of the estates liquid assets


Asked on 12/07/05, 7:06 pm

3 Answers from Attorneys

Christine Matus Christine L. Matus, Esq., LLC

Re: liquid assets

Yes,without having more facts before me, an answer basically is "stocks" are considered part of the estate.

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Answered on 12/08/05, 8:42 am
Jonathan Chester The Law Office of Jonathan S. Chester, Esq., LLC

Re: liquid assets

Typically yes...assuming you are talking about stock in a publicly traded company. The stock would be part of the estate, and assuming it can be sold in the normal course, it would be considered a 'liquid' asset because it could be converted to cash quickly (as opposed to most real estate or a closly held business for example).

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Answered on 12/08/05, 10:01 am
Walter LeVine Walter D. LeVine, Esq.

Re: liquid assets

I AGREE. ANY REGUALRLY TRADED SECURITY (STOCK, MUTUAL FUND, BOND, ETC.) COULD BE CONSIDERED PART OF LIQUID ASSETS LIKE CASH, BANK ACCOUNTS, C/D'S, ETC. THE TERM GENERICALLY REFERS TO ANY ASSET THAT CAN BE EASILY LIQUIDATED (SOLD) TO BE CONVERTED INTO CASH/MONEY.

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Answered on 12/08/05, 10:38 am


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