Apply a three-step inventory to distinguish estate property from exempt-property analysis.
Sam expects a $3,200 tax refund, has $480 in a payment app, and co-owns a trailer. He thinks none of it counts because the refund has not arrived and the trailer is shared. Estate inventory: identify interests -> value and classify -> apply exemption and lien screens The common shortcut is to skip property because it feels protected, inconvenient, jointly owned, or not yet received. Identify interests List every legal or equitable interest as of filing: cash, accounts, refunds, claims, deposits, vehicles, shared property, and expected rights. Section 541 starts broad. The inventory is not a keep-or-lose decision; it is…
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