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Probate estate administration is the process of settling a deceased person's estate through the court system. The process typically involves identifying the deceased person's assets, paying their debts, and distributing their assets to their beneficiaries.
The probate process can be complex and time-consuming, so it is important to work with an experienced probate attorney. The attorney can help you understand the process and ensure that it is handled properly.
Here are the steps involved in probate estate administration:
- Identify the deceased person's assets. This includes property, bank accounts, investments, and other belongings.
- Pay the deceased person's debts. This includes any outstanding bills, taxes, or other obligations.
- Distribute the deceased person's assets to their beneficiaries. This is usually done according to the terms of the deceased person's will.
- Close the estate. This is done once all of the assets have been distributed and all of the debts have been paid.
The probate process can take several months or even years to complete. The length of time will depend on the complexity of the estate and the workload of the probate court.
If you are the executor of an estate, it is important to be patient and persistent. The probate process can be challenging, but it is important to remember that you are helping to ensure that the deceased person's wishes are carried out.