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Probate Law and Probate Lawyer FAQ
What exactly is probate?
Probate is a legal process, which is undertaken
after a person’s death. This process of designed
to settle the decedent’s last will and testament:
If there is a will, the validity is assessed through
probate. If there is no will, an executor is appointed
to oversee disbursement of assets.
What
sort of issues can probate settle?
Probate can determine the validity of a will,
and through this process the courts and attorneys
have to decide whether the decedent was of sound
mind when the will was made. They also have to
decide whether the current will (if there is one)
is the most up to date one; whether the will was
written of free will and with witnesses; whether
there is any chance of the will being a forgery;
and other issues relating to the validity of the
will.
What if the decedent was in debt at the time of death?
The probate process is designed to disburse the
decedent’s assets in accordance to the will (if
there was a will) as well as deal with any debts
and taxes that the deceased owned at the time
of death. Creditors are normally given six months
from the date of notification of probate in which
to file a claim. Once all claims have been filed,
the remainder of assets can be distributed accordingly.
How
long does the probate process normally take?
The probate process usually takes at least seven
months but the time period generally depends on
a number of factors such as the size of the estate,
the length of time taken to locate and validate
the will, the length of time taken to appoint
an executor in the absence of a will, and the
length of time taken to find and notify all beneficiaries.
If the will is then contested, probate can go
on for even longer until matters have been resolved,
and so the process could end up taking years.
Are all of the decedent’s assets subject to the probate
process?
Not all assets will be subject to probate. For
instance, if the decedent jointly owned assets
such as property, bank accounts or anything with
a contractual successor or beneficiary, these
will not be subject to probate. Depending on the
location of the decedent’s residency and where
the probate is handled, assets under a specified
value (determined by the state) may also be exempt
from probate.
What
happens if there is no will?
If there is no will, the probate courts will look
to appoint an executor, and the appointed executor
will be supervised by the courts in all financial
matters and decisions. If there is no executor
as well as no will, the court will then appoint
an estate administrator to deal with the matter.
What
sort of fees are involved in probate?
The fees involved in probate cases include court
fees, administration fees and legal fees. The
actual cost will often depend upon the amount
of work required e.g. the size of the estate,
the time taken to settle the will etc. Generally,
fees are based on a percentage of the actual estate
and are around the five percent mark in total.
What
types of assets are normally dealt with through
probate?
All manner of solely owned assets can be dealt
with through probate, including property, land,
business shares, jewelry, heirlooms, artwork
and collections, cash and bank accounts and vehicles.
Where
is probate normally handled?
Probate is usually handled by a probate court
in the area in which the decedent lived (as a
permanent resident) at the time of death. The
probate court oversees the validation of the will,
the appointment of an executor or administrator
in the absence of a will, and the disbursement
of assets in accordance to the will (if there
is one).
Probate Law in Michigan
If you’re dealing with probate issues
in Michigan, there are some factors of prime
importance that you’ll benefit from knowing.
The first of these factors has to do with how
the procedure works. Without knowing this, your
are likely to have a long and difficult road,
before you are able to get your case pushed
through. More Probate Law
Michigan Probate Lawyer
If you are currently in a situation where
you’ll be dealing with the Michigan
state court system in relation to a probate
or estate related matter, or if you think
that you will be in this kind of situation
in the near future, it is important that you
hire an attorney that knows the ins and outs
of Michigan probate law. hat
exactly is probate? Learn More
All About Wills
What If Someone Contests a Will?
What Warrants a Valid Will Contest?
What Are the Legal Requirements for a Will?
What is Probate?
Is Probate Necessary?
Can Probate be Handled Without Using the Services of an Experienced Probate Lawyer?
Who is Responsible for Handling the Probate Process?
What Does the Personal Representative Do?
Does the Personal Representative Get Paid?
What If a Personal Representative Does Not Perform Their Duties Properly? |