Uncover the Average Value of House Contents for Probate and Streamline Your Estate Planning

Probate is a legal process that ensures the distribution of a deceased person's assets according to their will or, in its absence, state law. As part of this process, the average value of house contents for probate must be determined. This value can have a significant impact on the distribution of assets, making it crucial to understand.

Tables

| Jewelry | $30,000 | |
| Artwork | $25,000 |
| Collectibles | $15,000 |

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• A recent study by the National Association of Realtors (NAR) found that the median value of household contents in the United States is $116,000. This value includes furniture, appliances, electronics, and other personal belongings.
• According to Forbes, the average value of house contents for probate can vary widely depending on the size and location of the home, as well as the lifestyle of the deceased.
• A study by the American Bar Association (ABA) found that the average value of house contents for probate increased by 5% in 2022. This increase is attributed to the rising cost of living and the accumulation of more personal belongings.