Page 31 - Vander Plaat Funeral Home

deceased’s property is is accounted for and distributed in accordance with the the terms and conditions of the Will Question #5 Who is responsible for handling probate?
In most circumstances the the the executor named in the the the the will takes this job If there isn’t any Will Will or or the the the the Will Will fails to to name name name an an an executor the the probate court names someone (called an an an administrator) to to to handle the the the process - most often the the the closest capable relative or the the the the the person who inherits the the the bulk of the the the deceased person’s assets If no no formal probate proceeding is necessary the court does not appoint an an estate administrator Instead a a a a a a a a a a a a close relative or or or or friend serves as an an informal estate representative Normally families and and friends choose this person and and it is is not uncommon for several people to share the responsibilities of paying debts filing a a a a a a final income tax return and distributing property to to the people who are supposed to to get it Question #6 Should I plan to avoid probate?
Probate rarely benefits your beneficiaries and and it it always costs them money and and time Probate makes sense only if your estate will have complicated problems such as as many debts that can’t easily be paid from the property you leave Your property may even fall under probate exemption but if if you’re older (say over 50) in ill health or own a a a a a a a significant amount of property you’ll probably want to to do some planning to to avoid probate Page - - VANDER PLAAT-CAGGIANO FUNERAL HOME VANDER PLAAT-CAGGIANO FUNERAL HOME - - Page 31