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Estate Administration
Probate & Non-Probate Assets
Payment of the Decedent’s Debts
Death Certificates
Probate Court Costs
Attorney / Executor Fees
Role of the Executor
Estate Tax
Income Tax – Estate
Income Tax – Beneficiaries
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Many single individuals with no children, brothers, sisters, nieces or nephews do not realize that probate court will require that all of their next of kin (which could be distant relatives) would need to be notified in the event of their death. If these individuals want to simplify their estates, they should be certain to title their assets in such a way that they would not be subject to probate court administration.
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To learn more about
Handling An Estate
Contact Us to Schedule a Visit
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Estate Administration for Probate assets begins with an application filed by an executor named in a Will (an administrator if there is no Will) for appointment as personal representatives of the estate. From that appointment, the process of handling an estate involves:
- • Providing notice to all Will beneficiaries and decedent's next of kin
- • Identifying all assets belonging to the decedent
- • Paying decedent's debts
- • Paying estate taxes (if applicable)
- • Disposing/transferring assets from the name and Social Security number of the decedent to the beneficiary(ies) designated to receive them
How the transfer of assets occurs depends upon whether the assets are probate or non-probate assets.
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