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Who Is Responsible For Handling The Probate Process?
There are a number of factors that contribute
towards the decision of who will handle the
probate process on a decedent’s assets:
First, it depends upon whether the decedent
actually owned any titled or significant assets
that were in his or her own name. If there
were no assets, or if all assets were in joint
names with a surviving contractual beneficiary,
there is no need for probate and so there
will be no need for anyone to handle the process.
Other factors that will come in to the equation
include whether a will has been left and whether
the decedent has any living relations. If
the decedent has left a will, he or she may
have already stipulated on the will who should
be the executor of the estate. If nothing
has been stipulated on the will or if there
is no will, the court will normally appoint
an executor, and this is usually a close relative
or the person who has been named the main
beneficiary. The executor will deal with the
disbursement of the decedent’s estate
under the supervision of the court.
If the court is unable to appoint an executor,
then an estate administrator will be appointed
to deal with the probate process. However,
if there is no will and appear to be no living
relations then the estate could end up going
to the state.
Making a will is vital if you want to ensure
that your worldly goods go to someone of your
choice. This also gives you the opportunity
to name an executor as well as identify the
beneficiaries of your estate.
By making a will you can help to ease the
burden on your surviving relations and loved
ones after your death, and you can make sure
that your assets are not unfairly distributed
to simply awarded to the state.
Many people die without having written a will.
It may seem a morbid thought whilst we are
alive, but nobody knows what’s in store
from day to day, and there is no harm in being
prepared should the worst happen. If you have
no living relations and nobody to whom you
can leave your estate, you might want to name
your favorite charity as the beneficiary.
This way, when the estate administrator handles
the probate process, the balance of your estate
minus any debts owed will go towards helping
a charity of your choice.
In the event that no probate process is necessary,
a relation or even several relations normally
deal with the will of the decedent. This does
not have to go through the probate court,
and the executor or executors are often agreed
upon amongst the family and friends of the
deceased.
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? |