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Estate Administration/Probate

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Estate Settlement Without a Will

Estate Settlement Without a Will

Caring.com reports that, despite the COVID-19 pandemic, overall percentages of older Americans without a will remain unchanged. Remarkably, younger adults with a will show an increase of sixty-three percent comparative to pre-pandemic times.

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An Overview of Probate

An Overview of Probate

According to the American Bar Association (ABA), probate is the process of giving formal recognition to a will and delegating the responsibility for administering the estate to intended beneficiaries. Navigating the probate process will vary according to state law. Therefore, it is good to contact a probate lawyer to determine if the estate is small enough to bypass formal probate, whether the fiduciary must be bonded (this requirement is often waived in the will), and what reports are necessary to prepare.

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