Probate is the court-supervised administration of a deceased person’s assets. Procedures vary by jurisdiction, but generally include:
(1) a court hearing to determine if the decedent died with or without a will;
(2) notifying heirs and creditors of the probate estate;
(3) filing an inventory of probate assets;
(4) paying administration expenses, taxes, and creditor claims;
(5) distributing remaining assets according to the will or state law;
(6) filing a Fiduciary Account with the court showing all financial transactions.
If you are named the executor in a will, contact Oliver Law, P.C. for assistance in carrying out your responsibilities.