Star Crusaders Star Crusaders
  Index Page >> About Us >> Place Your Link >> Security & Privacy >> Terms of Service >> Submit Article
Search:   
Add Url
 

Health & Therapy

Computers & Software

Art & Culture

Companies & Business

Home & Garden

Realty & Property

Fashion & Lifestyle

Automobile & Automotive

Self Management

Academics & Learning

Malls & Shopping

Children & Teens

Outdoor & Sports

Society & Communities

Eating & Drinking

Medical Care

Science & Research

Government & Politics

Recreation & Entertainment

Finance & Investment

Travel & Vacation

Employment & Careers

News & Media

Indoor Games

 

  Index Page » Government & Politics » Legal Inheritance & Will
   
 

Probate Records

   

All important documents which are used in the probate process are known as probate records. The first category of records relate to personal properties which are to be submitted to the court.

The will should state what assets are involved, who are the beneficiaries, who will be the personal representative, guardian for minor children less than 18 years old, someone to manage childrens property [if the heirs are minors or young adults], signature of witnesses, signature of self and endorsement by the notary.

Courts and law firms give out prescribed forms for writing a will. Today, there are not only printed books, but also e-books, CDs and computer software, all available for developing a will. Software is a bit more expensive than book versions. [All these versions come within an approximate price range of US$25 to 50].

The next important document is proof of assets, which are in decedents sole name. These can include bank accounts, securities, Individual Retirement Accounts, life insurance policies/premiums, employee benefit plans, foreign property, Social Security benefits, IRS Tax Refunds and US Savings Bonds.

The second category includes administrative papers which are necessary in any probate. These include Petition for probate of will and Letters testamentary or a Petition for letters of administration, which is submitted along with the prescribed filing fee and the death certificate.

The judge conducts probate proceedings, appoints a person to handle the probate issue and execute the will or administer the assets respectively. Then issues the order sought. Both the above mentioned letters are known as letters. Some courts call this letter Notice of appointment.

When necessary, the judge holds hearings and clarifies queries raised by issuing written directions called "orders." For instance, there is an order to pay the decedents debts and taxes and divide the rest among the beneficiaries.

The next important record is Notice of administration. This is also known as Notice to creditors. This is a notice given by the personal representative after identifying, gathering, appraising and safeguarding probate assets, for publication in a local newspaper. This is done so that every body, particularly creditors if any, will come to know of the current position of the properties. It enables the creditors to take responsive action by claiming the amount due to them by filing a `creditors claim, to get back any money owed by the decedent. In Washington and some other states, `Notice to creditors is optional.

Then the Personal Representative disburses the property to all the heirs and beneficiaries, and obtains a document signed by them. This document, known as Receipt and Waiver signifies that the heirs and beneficiaries have received their respective share of the estate.

Next, the Personal Representative submits all the Receipts and Waivers and a Declaration of Completion of Probate to the probate court.

Finally the court issues an Order for transfer of property to heirs and beneficiaries. This is the epilogue of the probate episode.

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

Related Articles

 
Last Will And Testament Kits
 
Who Has The Keys?
 
Protect Yourself Against Identity Theft
 
Think You Don't Need to Conduct Background Checks? Think Again
 
Laura Margaret Walker: Defiant Tribute To The Heroine Of Freedom
 
Find a Good Family Law Attorney
 
Future Proofing: Why You May Need An Enduring Power Of Attorney
 
Information Technology - Wrongful Termination of Contract
 
Technology, The War on Terror and Its Critics
 
Contesting A Last Will And Testament
 
 
 
 

How To Write A Last Will And Testament

Thinking about your death is not pleasant, but preparing your family for the circumstances of your p ... - Damian Sofsian
 

Last Will And Testament Laws

The laws of each state specify conditions for writing a last will and testament. Under old common la ... - Damian Sofsian
 

Identity Theft - How to Protect Yourself

New ways of stealing your identity pop up frequently. ?Phishing? became prominent in 2003 and 2004: ... - Scott Pearson
 
 

Stamping Tools and Die Hot Stamping

Stamping tools are hard tools made with hard materials like steel. Usually hot stamping die is used ... - Bob Jonathan
 

Lazy Humans and How They Exploit Associations, Politics, Unions and Organizations

If you have a job and work in an office or even an out in the field perhaps you have noticed how laz ... - Lance Winslow
 

Making a Claim for Medical Negligence Compensation in the UK

How to make claim for compensation following medical negligence in the UK. If you have suffered inju ... - Martin Nolan
 

The Man Who Loved Jail - Part One

What a wonderful world of awe and beauty we are blessed with! - Robert Baird
 

Power of Attorney

The Oxford dictionary defines a Power of Attorney as "the authority to act for another person in spe ... - Kent Pinkerton
 
 
Index Page >> Security & Privacy >> Terms of Service
Copyright © 2006-2008 www.starcrusaders.com - All Rights Reserved.