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Who is responsible for handling probate court?
In most circumstances, the executor named in the will takes this job. If there isn't
any will, or the will fails to name an executor, the probate court names someone (called
an administrator) to handle the process. Most often, the job goes to the closest capable
relative or the person who inherits the bulk of the deceased person's assets.
If no formal probate proceeding is necessary, the court does not appoint an estate administrator.
Instead, a close relative or friend serves as an informal estate representative. Normally, families
and friends choose this person, and it is not uncommon for several people to share the responsibilities
of paying debts, filing a final income tax return and distributing property to the people who are
supposed to get it.
Does all property have to go through probate when a person dies?
No. Most states allow a certain amount of property to pass free of probate, or through a simplified probate procedure. In addition, property that passes outside of your will, such as a joint tenancy or a living trust, is not subject to probate.
In most states, immediate family members may ask the court to release short-term support funds while the probate proceedings carry on. Eventually, the court will grant your executor permission to pay your debts and taxes and divide the rest among the people or organizations named in your will. Finally, your property will be transferred to its new owners.
Who is responsible for handling probate?
In most circumstances, the executor named in the will takes this job. If there isn't any will, or the will fails to name an executor, the probate court names someone (called an administrator) to handle the process. Most often, the job goes to the closest capable relative or the person who inherits the bulk of the deceased person's assets.
If no formal probate proceeding is necessary, the court does not appoint an estate administrator. Instead, a close relative or friend serves as an informal estate representative. Normally, families and friends choose this person, and it is not uncommon for several people to share the responsibilities of paying debts, filing a final income tax return and distributing property to the people who are supposed to get it.
Should I plan to avoid probate?
Probate rarely benefits your beneficiaries, and it always costs them money and time. Probate makes sense only if your estate will have complicated problems, such as many debts that can't easily be paid from the property you leave.
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