When you hear the word “probate”, do you automatically cringe? You are not alone; no one likes probate.
Truly, no one.
Unfortunately, the aversion to probate is valid. Not only are you dealing with the death of your loved one, now you have to navigate the legalities of settling an estate. Most of the time our executors do not know the full extent of the assets or liabilities their loved one left behind, let alone whether a retirement account had beneficiary designations or even which bank their loved one used.
Don’t worry, you don’t have to answer all of the questions on your own.
For our initial meeting, you will need to locate the estate planning documents (if applicable), asset documentation (when available), and personal information of the heirs. Sometimes assets cannot be found or confirmed until the court appoints an Executor; don’t worry – this happens more than you would think.
Once the court appoints an executor, we must wait 4-6 months to allow creditor claims. During this period, we will help you open a bank account for the estate, gather and sell the assets, and begin preparation of the tax returns. After the creditor claims period has closed and all assets have been liquidated(ordistributed, as appropriate), tax returns will be completed.
We do not provide flat fee probate services due the varying complexities of each estate as well as the differing levels of involvement the executor may request.