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Oct
12
Who are the Key Players in a Probate Process Pt.1 ?


Before we start let us do a refresher to what is Probate?


Probate is the term for a legal process in which a will is reviewed to determine if it is valid and authentic. Probate also refers to the general administering of a deceased person's will or the estate of the deceased person without a will.


Also, after an asset holder dies , the court appoints either an executor named in the will or an administer (if no will is available) to administer the process of the probate.


In probate there are quite a few key players over the next few moments we will go over some (but not limited too)


Let us start...



  1. The Clerk of the Circuit Court to which in the state or county the decedent was domiciled at time ...

Oct
12
Probate Myth Reading of the Will

Probate Myth - “The Family/ Heirs reading of the Will”


What actually is the process



While the “will reading” is just a myth, created by certain industries and propagated through TV and movies, most people don’t know this until they have to go through it for themselves. To which there is no walk in the park . Completing this part of it will be the starting point for making initial arrangements for the execution of the will:



  • Finding the original will

  • Making copies for distribution

  • Identifying the Personal Representative or Executor

  • Discussions on the distribution of assets


In other cases, a will might not exist or the surviving spouse may have assets transferred to the...


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