Not many people have a lot of questions about the Probate Administration process, until, they may have to deal with it themselves. For one reason or another, and at that point, they may find it in their best interest to know more. In fact, they may find themselves thrust into an Executor position, or other situation dealing directly with probate property. Then, it becomes a need-to-know, in order to ensure the best possible outcome. And then, plenty of questions arise seeking to have the probate administration process explained, satisfactorily.
The Probate Administration Process Explained in Detail
People in need-to-know positions but who are unfamiliar generally with the probate process, should appreciate a clear explanation. Not so much legalese. And put simply, the process comes into play for the handling of a decedent’s assets. At the same time, estate planning documents, a will, for example, and state law governs the process. Then, it begins to move through probate court. In fact, the process ensures any debts and taxes from the estate receive payment. It also ensures all remaining assets go to any heirs, beneficiaries and the estate then becomes closed.
Where probate must come into play, a probate case should be filed within about a few months of a decedent’s death. That being a best practice, since it often prevents the estate from being subject to avoidable losses, while unmanaged. Any will must also be filed with the court. Typically, the Executor named in the will should get the ball rolling and initiate the probate case.
After filing a petition with the probate court, the court becomes directly involved. It appoints an Executor, the one named in the decedent’s will, if possible. Although, in some probate cases, there may not be a will. And when that happens, the court appoints an Executor based on state law. An appointee such as that may often be referred to as the Administrator, or even Personal Representative.
Do you need guidance and assistance with an estate that demands more of you than just a good grasp of the probate administration process explained? Could you benefit from some real peace of mind through the whole process? Contact Seasoned Probate Property Experts. You will find them at The LaRoche Team. In fact, why not give them a call today?
