- Locate and manage the decedent’s assets until debts are paid and remaining assets are distributed to the beneficiaries;
- Determine which type of probate proceeding is necessary and file the original Will (and any codicils) with the Court;
- Identify and inventory all of the decedent’s debts and assets, including date of death valuations for each to be filed with the Probate Court. Note that if all debts are paid (excluding those secured by real estate), an affidavit in lieu of inventory may be filed with the Court;
- Determine the beneficiaries;
- Manage daily affairs and notify banks, government agencies, and creditors of the decedent’s death;
- Establish a bank account and obtain an taxpayer ID number for the decedent’s estate to receive any money owed to decedent’s estate or to pay debts of the estate and continuing expenses;
- File a final income tax return and federal estate tax return if necessary;
- Oversee the transfer of decedent’s property to decedent’s beneficiaries named in his Will.
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The fastest way to determine a path forward in your estate planning is to schedule an appointment for a consult with StoneMyers Law. We'll take the time to listen to your desires to leave a legacy for your family and come up with the right plan to make that happen!
There are many moving parts with Estate Planning, and our team will help you confidently navigate the process. We will expertly guide you through the process and show you every rock in the river along the way.
Probate of Estates
Probate is the legal process of distributing the assets and estate of a deceased person. This includes resolving all probate property issues like taxes, insurance, title, and paying creditors for any outstanding money owed by the deceased.
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