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Probate Estate and Trust Administration

ESTATE PLANNING HOME

Probate, Estate & Trust Administration

ESTATE PLANNING

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Probate Estate and Trust Administration

The actual meaning of probate is:   proving that the will actually belong to the individual at hand. However, the word, “probate” is often used to describe the court procedures used to administer an estate.  If you expire without a will (called “intestate”), your estate still must be probated.

There are three  basic objectives to probate:

 

  • Verify the decedent’s assets.
  • Resolve disputed creditor issues and pay any outstanding bills and debts.
  • Manage the distribution of the decedent’s estate according to the will or by the applicable state laws if there is no will.

 

Once the probate process is completed, the spouse and family members can be assured that all of the decedent’s affairs are closed and there are no outstanding issues. The biggest disadvantage of probate is that the details of the decedent’s estate will be made available via public record, which includes the type of and amount of the estate.

Estate administration can be complicated.  The people you have designated must have competent attorneys to lead them through the complex process.  Often, there are many important decisions to make and they need help to ensure they make the right decisions. They also may need to prepare an inventory of your property, sign other important documents on your behalf, or even prepare tax returns. Inevitably they must distribute your property to those individuals you identified in your will or trust agreement.

 

Call Our North Estate Planning Lawyers For A Free Consultation  

(910) 455-4065

Call Our North Carolina Estate Planning Lawyers For A Free  Consultaton

(910) 455-4065

We Represent Clients Throughout Eastern North Carolina

Raleigh

Greenville

Fayetteville

Elizabeth City

Wilmington

Pinehurst

New Bern

Jacksonville

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