1. Why is probate a big deal?
Families make a big deal out of it because of what
they will inherit. If the family contests the will, the
probate process will take longer and become more
expensive.
What does intestate mean?
When a person dies without a legal will, he (or she)
has died intestate. What's interesting is that a
person can die intestate if the will is deemed invalid
by a probate judge.
What if there isn't an executor?
If there isn't an executor, the probate court will
appoint an administrator. This person will carry out
the same duties as an executor.
What is the role of the executor?
An executor has the legal authority to carry out the
instructions in the will. He (or she) must take inventory of
the deceased's assets and estimate the value of the
estate. The executor must notify the rightful heirs. He
must pay off debts and taxes. Also, the executor must
distribute the assets to those listed in the will.
A BRIEF Q & A
ON PROBATE
Theresa Kellington
What is probate?
This is when the will of the deceased (testator) is
reviewed to ensure it is authentic and valid. An
executor is appointed to carry out the final wishes
of the deceased. He (or she) must start the probate
process within 30 days of the testator's death.
Check out Theresa's blog
What You Need to Know About Probate
at theresakellington.com.