It is a difficult and emotional time when a loved one passes away, and the last thing one wants to think about is the administration of their estate. The probate process, also known as estate administration, is a complex procedure that involves collecting, inventorying, and appraising assets, paying debts and taxes, and distributing any remaining assets to beneficiaries. The probate process is governed by state laws and, in Missouri, the paperwork for a decedent's estate must be filed with the court within one year of their death.
There are different types of probate administration processes depending on the size of the estate and other circumstances. Small estates with a value of under $40,000 can often be handled without the assistance of an attorney and may follow a streamlined process. Larger estates over $40,000 require the standard full probate process. If the process is started more than one year after the decedent's death, a Petition for Determination of Heirship may be used.
In addition to probate administration, The Truitt Law Firm, LLC also offers trust administration services to ensure that the terms of a trust are honored, and trust and probate litigation services to resolve disputes and disagreements that may arise during the probate process.
conclusion, the probate process can be a tedious, time-consuming, and emotional procedure. The Truitt Law Firm, LLC has extensive experience in assisting families through this process, and can help to make it as smooth and stress-free as possible.