This includes real property, stocks, business interests, and amongst many other things, vehicles. Items listed on Attachment 2 of the Inventory and Appraisal includes all assets not included in Attachment 1, namely items that cannot be immediately converted to cash on a dollar for dollar basis.
Items listed on Attachment 1 of the Inventory and Appraisal are assets which can be readily valued independently by the personal representative, such as money or cash items such as cash bank accounts. The bike only has 600 miles on it so it was a good deal but the previous owner history and lack of title is sketching me out, when I told him I wasn’t interested because of the lack of title he explained to me I can register it with a bill of sale, he said the previous owner never registered it so therefore there was never a title for the bike to begin with.After Letters have issued within a probate, the personal representative will need to file an Inventory and Appraisal documenting all assets of the probate estate. I asked him if he had a title and he said no, he explained that the bike was purchased from someone who purchased a property that someone abandoned the bike at, he says the previous owner never registered it and after a year decided to abandon it because he was worried about getting pulled over. I made a deal with a guy on Facebook marketplace for a bike he listed for 1200, the VIN was included in one of the photos so I ran it and it came back with no results. Hello, forgive me if this has been asked before but I can’t find much info about my particular situation so if anyone who knows better can chime in with your experience I would appreciate any light you can shed on this topic. Is a bill of sale enough to register a bike? located in california
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