Pilka & Associates, P.A.
Full Service Law Firm for Tampa,
Brandon and Polk County
863-236-9321 |813-502-1097

probate administration Archives

Here are 4 fast facts to know about probate administration

Your loved one passed away, and you expected you might be the executor. They never talked about it with you, and you never had to help them in that way during life. You were not surprised, though, when you were informed that you had the role.

If your beneficiary dies, probate could take longer

If you're leaving assets behind for your loved ones after you pass away, one thing you need to think about is what happens if a beneficiary passes away before they receive an inheritance. For example, if you pass away and your property has to go through probate, it could take many weeks or months to resolve how to distribute your assets.

Does your estate qualify for summary administration?

When you hear people talking about probate, you probably hear that they are not happy about it. That is because probate is a court-supervised process for gathering and identifying assets belonging to a deceased person, and it can be frustrating. This same process is responsible for paying the debts of those who have passed away and distributing assets to the beneficiaries. If your loved one didn't have a will, then probate is probably where the estate will end up.

Understand these 4 terms for probate administration

Probate administration is a topic that many people don't hear much about until a loved one dies. At that point, they realize that they're going to have to go through legal hoops to get their loved one's assets or the items that have been left to them.

Estate questions: What if there are multiple states involved?

If you are closing an estate at the wishes of someone who has passed, you will be named the executor and will need to administer the estate in accordance with the law. Any time a person dies, the executor has to collect the individual's assets, manage them and distribute them to the proper parties.

Establish beneficiaries and a solid estate plan

When a loved one passes away, one question that may arise is how you know you're getting the correct inheritance. If your parent has life insurance, then you may be established as a beneficiary and might want to make sure you're receiving a payout in accordance with what they expected, for example.

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