Understanding Probate Administration
Probate is the legal process through which a deceased person’s estate is properly distributed to heirs and designated beneficiaries and any debt owed to creditors is paid off. Proper probate administration can help ensure a smooth and equitable distribution of assets.
The Importance of Probate Administration
Administering an estate through probate can safeguard the decedent’s assets, settle their debts, and ensure that beneficiaries receive their rightful inheritance. It’s a process that requires legal knowledge and experience, and our team is here to support you.
Summary administration is a streamlined form of probate administration that can be used when an estate’s value, excluding exempt property, does not exceed a certain value, or the decedent has been deceased for more than two years.
When is Summary Administration Appropriate?
Summary administration may be the best choice when the estate is relatively small or the decedent has been deceased for a considerable period. We can assist in determining whether an estate qualifies for summary administration.
The Process of Summary Administration
Although simplified, the process of summary administration must be carried out correctly to avoid legal complications. We guide you through each step, from filing the petition to distributing the assets.
Formal administration is the most common type of probate administration and is used when an estate does not qualify for summary administration. It involves appointing a personal representative to administer the estate.
When is Formal Administration Required?
Formal administration is required for larger estates or when the decedent has been deceased for less than two years. Our team can help determine if formal administration is necessary.
The Process of Formal Administration
Formal administration involves several steps, including proving the validity of the will, appointing a personal representative, notifying creditors, paying valid claims, filing tax returns, and distributing the remaining assets. We offer comprehensive support during this process.
Choosing Aguila Law for Probate Administration
Our firm can assist in both summary and formal probate administration. We understand that each estate is unique, and we are committed to providing personalized, compassionate service during this difficult time.
Ongoing Probate Administration Support
Our commitment to our clients extends beyond the initial probate process. We provide ongoing probate administration support, including managing any potential disputes or claims that may arise.
At Aguila Law, we aim to make the probate process as stress-free as possible for you. Contact us today at (305) 967-8554 to learn more about our probate administration services and how we can support you.
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