Probate Law
- Author Josh Riverside
- Published October 6, 2006
- Word count 401
This article gives an outline of the legal requirements involved in the probate process. Probate is the judicial process whereby property of a dead person is transferred according to either the decedent's will or laws of intestate succession.
Once a person dies, probate is to be undertaken so that his properties are transferred to other people. If there is a will, its authenticity should be proved in court and the will validated by the court. The death certificate and the will should be presented to the court with prescribed fees, for review and appointment of the personal representative to handle the will. The application must be signed by the applicant in the presence of a notary public.
The court should be convinced that the decedent was of sound mental capability when he wrote the will, that the will is up to date and that it was written without any pressure and in front of witnesses. It should also be convinced that there was no foul play in the process.
The probate court will appoint a will executor [if there is a will] or an estate administrator [if there is no will], and oversee all his/her functions to ascertain that everything goes on in the right direction.
If the decedent was in debts at the time of death, his creditors need to be given sufficient time from the date of notice of probate so that they can file a claim and get back the money owed by the decedent.
Concerning his assets, all of them are not required to undergo probate, for instance, jointly owned houses, land, bank deposits or anything with provision for a successor or beneficiary. Assets below a state specified value are also exempt from probate. This limit differs from state to state.
The court will charge fees for the administration of probate. The actual fees will depend on the volume of work to be done. In general, the fees come to around 5% of the appraised value of the total properties.
The probate law centers around the following aspects: Once the probate case is admitted, decedent's property is inventoried. Any debts and taxes are paid. The remaining property is disbursed to the decedent's heirs and beneficiaries, either as instructed in the will, or according to the intestacy laws of the state.
The laws make the probate a straight forward process so that the property reaches the right people.
How To Avoid Probate provides detailed information on probate, how to avoid probate, probate court, probate law and more. How To Avoid Probate is affiliated with Free Last Will And Testament Packages.
Article source: https://articlebiz.comRate article
Article comments
There are no posted comments.
Related articles
- Why Foreclosure Defense Matters
- How an Okatie Car Accident Lawyer Can Help with a Hit-and-Run Case
- Content Analysis: Uncovering the Hidden Meaning
- criminal defense attorney irvine
- 7 Mistakes to Avoid When Hiring a Personal Injury Lawyer in Clearfield
- 10 Signs You Need a Personal Injury Lawyer in Rockford
- Why You Should Hire a Personal Injury Lawyer in Tampa After an Accident
- Canada’s Regions Blocking Low-Wage LMIAs
- How the IRS Is Changing and Why You Need a Tax Attorney Now More Than Ever
- When to Call a Car Accident Lawyer in San Antonio After a Wreck
- What to Expect During Your First Consultation With a New Haven Personal Injury Lawyer
- How a Waterbury Auto Accident Lawyer Can Maximize Your Settlement
- Contracts That Win: Why Legal Precision Is Key to Business Success
- How the IRS Is Cracking Down on Tax Debt (And What You Can Do About It)
- Top Questions to Ask a Carmel Personal Injury Lawyer During Your Consultation
- Treasury Department Drastically Narrows Corporate Transparency Act Requirements
- NFPA 96 Compliance and Hood Cleaning: Captive Aire Hood vs. Accurex Hoods, Greenheck Systems
- Future First Criminal Law
- Breaking News: FinCEN Pauses Corporate Transparency Act Enforcement
- Popcat Coin Price Prediction: 2025, 2030, and the Next Bull Run
- What to Expect When Hiring an Oakland-Based Auto Accident Attorney
- How Hartford Injury Attorneys Help After a Truck Accident
- How Federal Legislation Could Impact Michigan's Online Poker
- How a Criminal Lawyer in Ann Arbor Can Protect Your Rights
- Benefits of Remote Online Notarization for Individuals and Businesses
- The Benefits of Using A Mobile Notary Service: Convenience, Flexibility, and Choice
- Top 10 Most Common Notarized Documents You Need to Know
- 5 Ways to Find Affordable Notary Services Near You
- Why Bangladesh Needs the ACNCC Now?
- How a Calgary Personal Injury Lawyer Can Maximize Your Compensation