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How to Probate an Estate - A Step-By-Step Guide for Executors
An executor's step-by-step guide to probate! Probating an estate can be a demanding and time consuming process for executor's involving complicated taxes, fee payments, disputes amongst beneficiaries and tricky asset transfers. It's therefore important to be properly prepared for the task before embarking on it! Any omission or error could result in...
An executor's step-by-step guide to probate! Probating an estate can be a demanding and time consuming process for executor's involving complicated taxes, fee payments, disputes amongst beneficiaries and tricky asset transfers. It's therefore important to be properly prepared for the task before embarking on it! Any omission or error could result in financial losses to the estate, delays in the completion of probate and personal liability for you as executor. Executors have a general duty to administer the deceased's estate and to distribute the estate to the beneficiaries named under the deceased's will or, in the absence of a will, to the deceased's heirs in accordance with state intestacy laws. Amongst other things, an executor will have to the following during probate: open and close probate proceedings; take possession of the deceased's property; prepare an inventory and valuation of the deceased's property; manage, protect and preserve the estate; notify creditors of the deceased's death & allow or disallow creditors' claims; discharge taxes; and distribute assets to the beneficiaries. Enodare has created an executor's guide to probate that will help you avoid the common mistakes made by executors when probating an estate. The book is called "How to Probate an Estate - a Step-By-Step Guide for Executors". It is essential reading for anyone thinking of acting as an executor! It will guide you step-by-step through the probate process from the moment the deceased passes away right through to the distribution of assets and the closing of the estate. It covers non-routine matters such as obtaining death certificates, dealing with autopsies and planning funerals; as well as routine matters such as locating, collecting, managing and distributing assets. You'll even learn how to deal with creditor claims and taxes, as well as how to wind up a living trust! "How to Probate an Estate" is an executor's one-stop resource for successfully probating an estate.
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