Dealing with the death of a loved one can be an extremely difficult process. It is important that you allow yourself the time to grieve before undertaking the often-hefty task of administrating the estate. You may also want to ask friends and family to help you with the process.
Many people easily become overwhelmed by the task of estate administration. However, it does not need to be difficult. The best way to approach the task is with a good understanding of the timeline. You should also make sure to be organized and plan ahead.
Where do I start with the probate process?
If you have been appointed as the executor or personal representative in the person’s will, it shall be your task to manage the probate process. The first thing that you should do is to evaluate all the decedent’s material property. Some of these may need to be appraised in order to determine the value.
How should I deal with unpaid bills?
All bills need to be paid before probate can be concluded. These also need to be paid in a certain order, starting with utility bills and ending with taxes and medical bills.
How are assets distributed?
Assets can only be distributed to heirs after all material possessions have been sold and all bills have been paid. The assets will be distributed according to the will. If there is no will, assets will be distributed to family in a certain order according to probate law.
If you are struggling to handle probate after the death of a loved one, it is a good idea to equip yourself with more information. An experienced estate planning attorney can provide valuable guidance.