Probate Attorneys in Issaquah
How Does the Probate Process Work?
The probate process is the legal procedure for verifying and distributing a deceased person’s assets. The process involves proving the validity of a will, if applicable, locating any heirs or beneficiaries to the estate, inventorying and valuing all of the decedent’s property, paying taxes and any debts owed, and finally distributing the remaining assets to any beneficiaries. Generally speaking, the steps of the probate process are as follows:
File the Will and Petition for Probate
The executor of the will (if applicable) must file it with the court as soon as possible after death. Then they must submit a petition to open probate and appoint an executor to manage the process.
Appoint a Personal Representative
This person is responsible for carrying out the deceased's wishes and ensuring that all assets are appropriately distributed. This person must be a resident of the state where the decedent lived.
Notify Beneficiaries and Creditors
The executor is responsible for notifying any potential estate creditors, heirs, or beneficiaries. This is done through publication in a local newspaper and certified mailings. This step is essential to ensure that all parties have an opportunity to claim the estate.
Inventory and Value Assets
The executor must create a list of all assets owned by the decedent and determine their approximate value. This includes tangible items such as furniture, jewelry, vehicles, real estate, and bank accounts, but it also includes intangible assets such as stocks, bonds, and life insurance policies.
File Tax Returns
All tax returns must be filed for the decedent's final year of life and any past years where taxes were not paid. This includes filing both estate and income tax returns.
Manage Trusts and Payment of Debts
If the decedent had a trust, the executor must manage it by the trust terms. Additionally, any debts or other obligations owed by the decedent must be paid out of the estate’s assets before any distributions are made to beneficiaries.
Payment to the Attorney and Executor
These fees are typically paid out of the estate's assets before any distributions are made to beneficiaries.
Closure of the Estate
Once all assets have been distributed to their rightful owners and all debts paid off, the executor must file a “final accounting” with the court. The court will then issue an order of discharge which officially closes out the estate.
What Makes Northwest Strategy & Planning Unique?
At Northwest Strategy & Planning, we take a unique approach to probate. Our team of experienced professionals has developed a streamlined process that makes it easier and more cost-effective for you to complete the probate process. We work closely with clients and their families to ensure that all assets are distributed according to the decedent’s wishes. We provide personalized advice and guidance throughout the process and help ensure that all legal requirements are met.
Contact Northwest Strategy and Planning PLLC in Issaquah for probate administration help. Our experienced attorneys are here to provide comprehensive support during the probate process.
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We accept clients on a rolling basis to avoid unnecessary delays. We conduct intakes by phone, client meeting over zoom and meet in-person to sign and notarize the final product of our work.