brilliantarticle.com brilliantarticle.com brilliantarticle.com
   Main Page >> About Us >> Security & Privacy >> Terms & Conditions >> Add Your Link >> Add Your Article
Search:   
Add Url
 

Healthcare & Medicine

Companies & Business

Automobile & Automotive

Shopping Online

Employment & Careers

Sports & Adventure

Relationship & Lifestyle

Estate & Realty

Education & Learning

Investment & Finance

Computers & Software

Travel & Accommodation

Culture & Art

Family & Home

Society & Communities

Fitness & Health

Entertainment

Self Enhancement

Issues & News

Indoor Games

Science & Research

Government & Politics

Teens & Kids

Cooking & Drinking

 

Main Page –› Government & Politics –› Legal Inheritance & Will
 

Probate Law

 

This article gives an outline of the legal requirements involved in the probate process. Probate is the judicial process whereby property of a dead person is transferred according to either the decedent's will or laws of intestate succession.

Once a person dies, probate is to be undertaken so that his properties are transferred to other people. If there is a will, its authenticity should be proved in court and the will validated by the court. The death certificate and the will should be presented to the court with prescribed fees, for review and appointment of the personal representative to handle the will. The application must be signed by the applicant in the presence of a notary public.

The court should be convinced that the decedent was of sound mental capability when he wrote the will, that the will is up to date and that it was written without any pressure and in front of witnesses. It should also be convinced that there was no foul play in the process.

The probate court will appoint a will executor [if there is a will] or an estate administrator [if there is no will], and oversee all his/her functions to ascertain that everything goes on in the right direction.

If the decedent was in debts at the time of death, his creditors need to be given sufficient time from the date of notice of probate so that they can file a claim and get back the money owed by the decedent.

Concerning his assets, all of them are not required to undergo probate, for instance, jointly owned houses, land, bank deposits or anything with provision for a successor or beneficiary. Assets below a state specified value are also exempt from probate. This limit differs from state to state.

The court will charge fees for the administration of probate. The actual fees will depend on the volume of work to be done. In general, the fees come to around 5% of the appraised value of the total properties.

The probate law centers around the following aspects: Once the probate case is admitted, decedent's property is inventoried. Any debts and taxes are paid. The remaining property is disbursed to the decedent's heirs and beneficiaries, either as instructed in the will, or according to the intestacy laws of the state.

The laws make the probate a straight forward process so that the property reaches the right people.

Author: Josh Riverside
 
Author Bio:
Josh Riverside is a famous writer. Josh likes to scribble articles about this topic.
This article can be searched using: inheritance tax, do you pay tax on inheritance money, inheritance tax federal, inheritance trilogy
 
 
 

Related Articles

 
What Can Happen to You as a Victim of Identity Theft: Facts & Figure
 
Integrating Identity Verification into Risk Management
 
4 Common Sense Ways to Protect Your Identity
 
The Living Will
 
Will Writing Services
 
How a Lawsuit Advance Can Help Litigants Keep Their Finances Afloat
 
Fort Worth Bankruptcy Attorneys
 
Advance Planning: The Advantages Of Living Wills
 
Hazbollah's Qana Charade [7/30/2006]
 
Life As A 'Filthy Rat'...
 
 
 
 
 

Identity Theft Victim Records

Identity theft crimes are not new, but they have become more persuasive in the past decade. In mid-2 ... - Keith Londrie
 

Identity Theft - Getting Back Your Life

Identity theft has become the number one white-collar crime in America and it continues to grow rapi ... - Michael Russell
 

Living Wills and Health Care Directives

Planning for the Worst Case Scenario - Barbara Mascio
 
 

Eliminating All Municipal Flooding Forever!

With this system, no municipal ever need flood again! WET areas can get rid of the water becomes a p ... - K. Kemper
 

Changes in the Law that Affect Our Children: Part II

This article outlines changes in the law that affect children. - Donald P. Schweitzer
 
 
   Main Page >> Security & Privacy >> Terms & Conditions
Copyright © 2008 www.brilliantarticlelist.com All Rights Reserved.