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The word probate spawns much negativity in society. Just the word probate may put a scare into you because of what you may have heard. Know that not all property needs to go through probate.
Do not always believe what you hear and take your probate information directly from your estate attorney. These laws are complex and vary from state to state.
Each state set their specific limits on small estates, meaning if an estate’s worth is below a set amount of money, that estate does not have to go through probate. All states recognize that the probate system is complex and can become complicated. The purpose of probate is to verify the legality of your Will. For instance,
Generally, you appoint someone to take care of your assets and debts collected from your estate after you die. This person is known as an executor. If items on your estate are not designated for anyone, or you do not have a cosigner, they go into the probate court system.
Your executor gets a copy of your death certificate to prove your death. The executor presents your will to the judge with all your assets and an appraisal of assets listed in your will.
The executor pays all your debts, taxes, and end-of-life expenses. It is the executor who notifies your beneficiaries and distributes your assets according to your will. There are many options in which an executor can bypass probate with their attorney’s help.
Beneficiaries of a small estate in the state of Washington can claim their assets by a simple sworn statement. This process is quick and easy for beneficiaries when the property does not have to go through probate.
The estate attorney can help you identify specific exemptions to probate. This professional enables you to understand Washington’s law and how to calculate your assets. Many questions need answering about estates before and after you die. It is wise to get these questions answered by a seasoned and skilled probate attorney. Some frequently asked questions are as follows.
You may not know one factor about probate cases is that only your assets titled in your name without any beneficiary listed go to probate. Examples are,
Ask your probate attorney about trusts and if this is the way you need to plan to avoid a long, expensive, and time-consuming probate court situation. Your attorney may recommend a few different trusts, such as,
You will need to name an executor in your will. Keep the executor of your will updated on changes in your will and allow the executor your attorney’s contact information. The responsibilities of the executor are easier when they have an estate attorney working with them.
This person’s responsibility is estate administration, which includes,
There are instances when a small estate should perhaps go to probate, such as if your family has concerns about creditors or beneficiaries who are disputing claims and arguing about the terms of a will. These instances can turn into a lengthy court battle. The only way to ensure that this does not happen is to hire an attorney to protect your rights.
There are no guarantees in life, so getting all of your matters organized and in place is advisable. You need to know if your assets and property can avoid probate, so give us a free, no-obligation call today, and we can help you with getting all of your assets in order through a free case review and help you become knowledgeable about probate laws in Washington.
Going through the grief process due to death is difficult for family and friends, and probate court can drain your financial assets, causing your loved one’s undue stress. Call us today to help you draft an estate plan. This plan can transfer all your assets without any excess problems and unnecessary stress for your family. With your attorney’s help, a probate process is far less stressful. We help you determine if your estate qualifies as a small estate, according to Washington state laws.
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