Call us now or use the form below.248.545.2500Frequently Asked Questions about Probate and Estate AdministrationQ: What is probate? A: Probate is the court procedure by which a will is proved to be valid or invalid. Creditors of the estate are provided the opportunity to file claims against the estate and receive payment of those claims. After the administration fees, taxes and creditor claims are paid, any remaining assets of the estate are distributed to the beneficiaries. Q: What is a will contest? A: A will contest is a legal action that challenges the validity of a will and/or the terms of the will. A will may be invalid if it was the result of forgery, undue influence, inadequate execution, or other issues. A later will may invalidate an earlier version. |
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The ownership of some assets can make them exempt from probate, and other estate planning techniques can also keep property out of probate court. Depending upon the vehicle used for protecting an asset from probate, there may be other legal concerns to take into account. If you have questions about your estate plan or about avoiding probate, contact an estate planning attorney for straightforward solutions that will work for you. |
Galloway and Collens, PLLC
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When you are planning your estate or your parents are seeking legal advice on how to best preserve their independence, contact the estate planning attorney at Galloway and Collens, PLLC, in Royal Oak, Michigan. This Estate Planning Information Center is intended to provide general information on the topic of probate and estate administration. It is not specific to your situation. For information about your own family's needs, please feel free to contact us.
If this information has encouraged you to consider your own estate plan—or just a simple will or trust — please give us a call. Let us help you determine your estate planning needs and carefully draft a plan to meet them. Our relaxed atmosphere and common-sense advice will help making difficult decisions easier. Contact a lawyer today through our web site or call us at (248) 545-2500.
Probate and Estate Administration - An Overview
Estate administration refers to the process of probating the estate of a decedent, which generally includes collecting, inventorying and appraising assets; paying and collecting debts; filing and paying estate taxes; and distributing any remaining assets to beneficiaries. An attorney experienced in probate and estate administration can help simplify this complicated process. If you need help in the administration of an estate, call an attorney in your area today.
The Probate Process
Probate is the court process used to determine the validity of a will and oversee the payment of creditors and distribution of estate assets. Even if there is no valid will at the time of death, the estate will still go through the probate procedure. Since probate is regulated by state laws, there are specific procedures proscribed by each state for carrying out the process.
Role of the Executor
An executor is the person named by the creator of the will (the testator) to carry out the terms and provisions of his or her will. In addition to locating documents left by the testator (i.e., wills, trusts, deeds, etc.) and notifying Social Security, pension providers, annuity providers, and other entities of the death, the executor has numerous other legal responsibilities.
Avoiding Probate
Assets disposed of outside the probate process are part of the non-probate estate. Since a probate proceeding is not required, these assets are distributed more quickly to the appropriate beneficiaries. Many people seek out these assets and ownership models in order to save their loved ones from the difficulties associated with going through the probate courts.
Will Contests
The fact that a person (the decedent) leaves a will does not guarantee that the decedent's property will be distributed according to the will's terms. A court generally must provide an opportunity to allow others to object to the will, and a challenge may be brought by anyone with an interest in the will who believes the document is invalid in some way. A will contest is an action challenging the validity of the will and is commonly governed by state statutes.
Probate and Estate Administration Resource Links
Uniform Probate Code
Internal Revenue Service
Executors
Smart Money: Estate Planning
AARP:
Estate Planning Guide
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