Are silver bars considered tangible or intangible property in Texas for estate probate purposes

My husbands grandfather had a considerable amount of silver…never kept in a bank or other institution, but rather all over his house. Is this considered part of the estate for probate purposes?

Asked on September 1, 2017 under Estate Planning, Texas

Answers:

SJZ, Member, New York Bar / FreeAdvice Contributing Attorney

Answered 3 years ago | Contributor

Tangible means physical: anything physical--artwork, jewlery, or, yes, bars of silver, would be tanglible property. ("Intangible" property are rights, like the right to collect royalties on a book [the book itself if tangible; the right to royalties is not] or from a patent.) 
Also, as a general matter, *any* assets owned by a decedent (person who died), whether tanglible or intangible, are considered property of the estate for protabe purposes.


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