Getting Your Estate Out Of Holding
Probate is the administration of assets titled in the name of the deceased. Whether assets technically require court oversight may depend on many factors, including status of creditor claims, contract terms and legal operative ownership rules, such as joint survivorship and paid on death accounts. Probate is a holding stage where the state examines your property, its value and whether taxes or creditors are owed. It is a review of the estate before distribution of assets can take place and there is a defined legal process.
While it is possible to go through probate on your own without legal counsel, the administrative maze requires a clear understanding of the different steps and valuation measurements. Working with an experienced attorney can ensure that your estate will be protected to the highest extent as you navigate through the probate and estate administration process.
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