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Is Probate Necessary?
Probate can be a complex and time-consuming
affair, and if the decedent has left a will
that seems to be in order you may be wondering
why probate is necessary at all. However, you
must consider that there may be people that
wish to contest the will for various reasons,
and the court has a responsibility to give these
people a fair chance to contest. Probate is
also necessary to validate the will and ensure
that it was indeed written by the decedent and
that the decedent was of sound mind when he
wrote it.
If the decedent left a substantial estate then
there is a chance that long lost relatives may
come crawling out of the woodwork. Even though
the decedent may have made it clear in the will
who the beneficiaries are, one of these relatives
may want to question the validity of the will,
and has the legal right to do so. This is something
that would come under the probate process.
When determining the validity of a will, there
are a number of considerations that the court
must take in to account. They must ascertain
whether the will is actually the most up to
date and recent will, and that there is not
a more recent one that would then invalidate
the old one. The probate process is also used
to ensure that the will was made by the decedent
and that he was of sound mind when he wrote
it. The courts cannot rule out that the will
might have been made under influence or is in
fact a fraud, and this must also be checked.
Probate is necessary for a number of other
reasons other than dealing with the validity
of the will and with possible contesting of
the will. It is also used to ensure that the
estate left by the decedent is distributed fairly
and legally, in accordance with the deceased’s
wishes.
During the probate process, the value of the
estate and assets of the decedent will be confirmed
and probate also deals with any liabilities
that the decedent had at this time of death.
This includes taxes as well as loans, mortgages
and other loans to creditors. The probate process
enables these creditors to file a claim to recoup
their money, and the creditors are normally
given a certain time frame within to do this.
This can often delay the distribution of the
will as some creditors may not come forward
until the last minute. However, it is a necessary
part of the process.
Probate lawyer will also ensure that any land, property or
businesses left to beneficiaries on the will
are legally and properly transferred to the
said beneficiary. Again, this is another necessary
part of the probate process. Locating beneficiaries
is also included in this process, as not everyone
names on the will may be aware that the decedent
has even passed away. This is another time-consuming
but necessary part of probate.
So, although the decedent may have left what
appears to be a valid will, there are many considerations
and processes to be considered through the probate
process before the will can be auctioned and
the estate distributed.
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? |