What Is the Probate Process?
The probate process is a formal process that determines how the assets of a deceased person are handled.
What Are Some Important Stages in the Probate Process?
Understanding the probate process can help you avoid various disputes and contests that may occur upon the death of a loved one. Some important stages in the state probate process include:
- Proving that the will of the deceased is valid.
- Identifying and appraising the property of the deceased.
- Managing payment of all debts and taxes related to the estate of the deceased.
- Distributing the decedent's property as defined by the will or state law.
Should Probate Be Avoided?
Probate is a time-consuming process that may result in serious disputes over property. A number of legal mechanism exist that enable a person to distributed property upon death while avoiding probate. For example, a person can avoid probate by utilizing trusts, life insurance policies, and joint tenancy.
Do I Need a Lawyer for the Probate Process?
If you need to file for the probate process, you should contact a lawyer in your area. Your attorney can help you with the filing process and can also make sure that your interests are addressed. Also, your lawyer can represent your interests in the event that a dispute or legal conflict arises during probate.
Consult a Lawyer - Present Your Case Now!
Last Modified: 03-04-2014 12:19 PM PST
Did you find this article informative?
Link to this page