Page 30 - Direct Publishing - Bereavement Guide
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Question #5 Who is responsible for Question #6 Should i plan to avoid
handling probate? probate?
In most circumstances, the executor named in Probate rarely benefits your beneficiaries, and
the will takes this job. If there isn’t any Will, or it always costs them money and time.
the Will fails to name an executor, the probate Probate makes sense only if your estate will
have complicated problems, such as many debts
court names someone (called an administrator) that can’t easily be paid from the property you
to handle the process - most often the closest leave. Your property may even fall under
capable relative, or the person who inherits the probate exemption but if you’re older (say, over
bulk of the deceased person’s assets. 50), in ill health or own a significant amount of
property, you’ll probably want to do some
planning to avoid probate.
If no formal probate proceeding is necessary,
the court does not appoint an estate
administrator. Instead, a close relative or friend Call us for all
serves as an informal estate representative.
Normally, families and friends choose this
person, and it is not uncommon for several your catering needs
people to share the responsibilities of paying
debts, filling a final income tax return and
distributing property to the people who are
supposed to get it.
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