When is a probate inventory due in Georgia?
Within six months after the personal representative qualifies, unless the will or the court relieves the requirement or the probate court extends the time for good cause. Under O.C.G.A. § 53-7-30 the inventory is filed with the probate court and mailed to the beneficiaries or heirs, and it is verified as a true statement of all the decedent's property known to the representative.
Does a Georgia bonded title require an appraisal?
Not usually. The Department of Revenue sets the bond at two times the vehicle's average retail value according to its own tables, with a $5,000 minimum, on Form MV-46, and the title must be applied for within six months of the bond's issue date. An independent appraisal becomes useful when the vehicle falls outside the state's value tables, such as a custom build, a salvage rebuild, or a classic.
Which Georgia vehicles stay on the annual ad valorem tax instead of TAVT?
Most vehicles purchased before March 1, 2013, along with non-titled vehicles and trailers, which are exempt from TAVT and taxed each year instead. TAVT replaced sales tax and the annual tax for vehicles titled after that date, at a one-time rate of 7 percent of fair market value.