Estate Administration

16 January, 2017

What Exactly Is Probate?

2020-05-22T19:38:53-07:00January 16th, 2017|Categories: Estate Administration, Probate|

Probate is probably something you have never spent much time thinking about. Understanding the process has never been a priority … until, one day, it is. When you have barely had the chance to begin to grieve the loss of your loved one, you’re simultaneously tasked with handling probate. Not only are you unsure of where to start, you aren’t confident you even know what “probate” actually means. Understanding the probate process Probate is a legal process that occurs after a person has died. His or her debts are paid and assets are distributed. If your loved one had a ...

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11 September, 2015

What Does It Mean When The Bank Tells Me I Need Letters Testamentary?

2020-05-22T19:41:09-07:00September 11th, 2015|Categories: Estate Administration, Probate|

When a loved one passes away, while you are still in the grieving process, you may also have the additional task of trying to finalize his or her estate. One of the first places many people start when they are in this situation is the bank. When you inquire about closing out the account, oftentimes, you may be met with this response: You need to get Letters Testamentary in order to do that. What are Letters Testamentary? Letters Testamentary is the document issued by the Court authorizing the Personal Representative to administer a deceased's person's estate. It is issued when ...

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