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


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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