THE KEY ADMINISTRATIVE ASPECTS OF THE PROBATE PROCESS
If you are an executor of an estate, you will have the responsibility of going through estate administration. This can feel like an overwhelming process to go through, especially when you are grieving the death of a person that you cherished. Many estates need to go through the probate process, even when there is a last will in place.
Probate is done with the supervision of the courts and is the process of making sure bills are paid, and inheritances are administered to the correct parties in accordance with the deceased person's final wishes. The following are some of the key steps that you will need to take when going through the probate process.
The Last Will Should Be Authenticated
Firstly, the last will and testament should be filed with the probate court as soon as possible. A judge will assist in confirming the validity of the will that is submitted so that the process can move forward.
The Executor of The Estate Will Be Officially Appointed by The Judge
The chosen executor of the estate will usually be named in the decedent's will, and the judge will confirm this choice. If there is no executor mentioned in the will, the judge will make an appropriate choice.
Collecting and Evaluating the Decedent's Assets
One of the most important roles of the executor is to gather all the assets of the decedent. This can take a significant amount of time, depending on the size of the estate.
If you're the executor for a deceased person's estate, it is important that you understand your role fully and that you gain adequate assistance.