• Steps in Administering an Estate

    Many people think that by making a will, they are taking the burden off of their family members when it comes to estate administration after their death. However, property does not magically distribute itself and there are actually several components to closing an estate. While these steps will vary depending on the nature and complexity of the estate, the following are some of the common steps in estate administration. Opening an Estate Account All transactions should go through a special account for the estate and not through the deceased person's personal accounts. Once you have stopped all direct deposits in the personal accounts, that account should be closed and all liquid assets should be transferred to the estate account. All bills, taxes, and

  • Role of a Will in Probate

    When a person dies, one of the first steps you should take is to determine whether or not they drafted a last will and testament during their life. If a will exists, Washington State law1 requires that you file it with the probate court within 40 days of the death. For this reason, the existence of a will should be determined as soon as possible after your loss. The law also permits a person to file their will with the court prior to their death, in part to ensure that the right will is used. Personal Representative A will can be used to guide different aspects of the probate process. First, a will can designate who the deceased person wanted to serve as their personal representative of their estate. This is an important designation, as the personal r

  • Inventory of Assets in a Probate Case

    In order to administer someone's estate, the personal representative must first understand the nature and amount of assets and property that needs to be distributed. Taking inventory of assets is one of the first and most important--yet often complicated--tasks in the probate process. While some assets or property may be specifically mentioned in a will, most may not be. The following are some examples of assets that may be inventoried during probate. Nonprobate Assets As the name suggests, these are assets that will be distributed outside of the probate process. Such assets include the following: Assets and property held in a living trust Property owned in joint tenancy Assets designated in community property agreements Joint financial accou

  • How a Probate Attorney Can Help the Executor of an Estate

    Death, while inevitable, is a topic that most people avoid. Even those who have developed a plan for their estate may have assets or liabilities that will still require attention after they pass away. Common examples include: paying taxes, settling debts, gathering the assets and determining proper distribution. Often times, these responsibilities are left to a family member, designated either by the deceased or by the courts.This person is called the executor of the estate. While the executor may recognize the honor of making sure their loved one's affairs are properly handled, they are understandably distracted by other emotions. Thankfully, a trained Washington probate attorney knows exactly what to do to assist an executor with these responsibili