One of the most difficult things about the aftermath of loss is determining what will happen to a person’s estate and property. It is not easy to sort through items and determine who should have them or even what to do with the home of the deceased. If the deceased has a will, this process should occur according to the terms of his or her estate plan. If there is no will, state laws will determine what happens with a person’s property after passing.
Part of the estate administration process involves something called probate. This is the legal process of verifying the person’s will, filing a final tax return and more. The probate process can be lengthy and complex, especially if there are disputes over the terms of a will. If you are facing the estate administration process after the loss of a loved one, it may help to learn more about probate and what to expect.
The process of settling an estate
Probate is a requirement for many different types of assets, even if there is a will. A decedent may appoint someone to act as the executor of his or her estate, which is the person who will oversee the probate process and take all the necessary steps to settle the estate. The following are typical steps involved with probate:
- Locating the will and filing it with the probate court
- Notifying creditors
- Filing a final tax return
- Paying remaining debts associated with the estate
- Distributing assets according to the terms of the will
While each probate process is slightly different, it will typically involve some or all of these steps. The probate process can be more involved and complicated if there are disputes between heirs or other complications. The executor of the Missouri estate may benefit from learning how to avoid issues that could cost time and money by preparing ahead of time for his or her responsibilities and having experienced guidance at every step.
Assistance for the probate process
You do not have to walk through the probate process alone. Whether you are the executor of an estate, or you are an heir to an estate and need to protect your interests, you will benefit from having experienced guidance at every step.
