Probate

Probate is the legal process used by
the Courts to administer a decedent's estate. Some of the
more common reasons for the probate process are to clear
title to property, give notice and pay creditors, and if
the decedent had a will, to disburse the estate property
in accordance with their will. An estate consists of all
property that was owned by the deceased at the time of
death that did not otherwise transfer outside of the
court. A common example of a non-probate asset would be a
bank account that has a designated beneficiary named to
receive the funds upon the death of the owner of the
account. This account is commonly referred to as a
payable on death account.
Once a probate has
been opened it stays opened until all debtors are dealt
with, title is transfered correctly, taxes are paid, and
any other loose ends that need to be addressed are taken
care of. Typically there is an estate representative that
works with the attorney to handle all of these tasks this
person is referred to as the executor if there is a will
or an administrator if there is not a will. The executor
is a person named in the will. An administrator is
typically a family member or close
familyfriend. The
role of both the executor and the
administratoris to
make sure the probate is performed correctly. For this
reason going through probate without an attorney can be
difficult and burdensome. Once the court sees that the
estate has been handled correctly the probate can be
closed. This is just a brief overview of the probate
process and should be discussed in more detail with an
attorney.
Not
everyone needs to go through the probate process. Probate
can be expensive, but a good estate plan can help you
find ways to save money. To learn more you should go to
the estate
planning section on this website or call
to make an
appointment. If you would like to know what to
expect before coming to our office, please see our
Initial
Consultations section.
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