| Probates
and Trusts
What
is Probate?
Probate
is a court directed or court supervised procedure for transferring
the property and paying the debts of a deceased person. This
process is frequently referred to as "administering the probate
estate". If there is a Will (testate estate), then the
property is transferred according to the terms of the Will.
If there is no Will (intestate estate), the law determines who is
entitled to receive the decedent's property.
Who
administers the estate?
"Personal Representative" or "Administrator"
is the term used for the person appointed to administer the probate
estate. The personal representative will usually be the person
named in the Will. Where there is no Will or that person or
alternate persons cannot or will not serve, the court appoints a
suitably qualified person such as the surviving spouse, family member
or other qualified person to act as administrator of the estate.
Is
probate always necessary?
Not always. In some instances, probate may be avoided.
This may occur if there is a trust, the assets are transferred by
beneficiary designation, or there is a relatively small estate.
However, probate is usually only avoided by proper planning.
It is important to note that while a probate may not be necessary,
some other legal action will generally be required. It is
also important to note that in some instances the costs and taxes
incurred by beneficiaries can increase dramatically if improper
planning techniques were utilized in an attempt to avoid probate.
Is
probate complicated?
The probate Code in the State of Washington has been greatly
simplified in recent years. With these changes, the time and expense
of the probate process have been significantly reduced.
How
much does it cost?
Typical probate costs include a court filing fee, newspaper
publication of notice to creditors, attorney fees, and, when appropriate,
the fees and expenses of appraisers, accountants, and personal representative.
All Attorney fees for probate must be reasonable. In Washington,
unlike some other states, fees are not based on a percentage of
the value of an estate. Total fees incurred vary depending
on the size and complexity of the estate administration.
How
can an Attorney help?
Any individual that has served as personal representative
can attest that, without prior experience, probate can be a confusing,
daunting process. An attorney will represent the Personal
Representative or Administrator. The attorney's role is to
provide advice with regards to the probate process. Each probate
is unique. Our attorneys and legal support staff have dealt
with hundreds of estates and we take pride in knowing that our client's
needs are met in the most economically feasible manner possible.
Attorneys
Scott Kee and Bruce Busch handle our Probate practice.
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