What is Probate Management?
When someone dies, his or her estate goes through a court-supervised probate process. The probate process can be confusing and complicated if you are unfamiliar with it. If you are named as a personal representative in a friend’s or family member’s will, you have a legal obligation to manage your loved one’s assets properly. As a personal representative, you will be in charge of notifying estate beneficiaries, paying debts, and overseeing the process.
The assets in an estate are frozen during probate proceedings, which means no one can use them. During the probate process, the court will determine the validity of the will (if one exists) and who will be the executor. Even though the estate has been frozen, the executor is still responsible for paying debts and taxes, which can be difficult due to a large number of expenses. The executor, however, does not have the final say on who gets what; the probate judge does. Probate can be a long and frustrating process for the people you want to be your beneficiaries. It was also very expensive.
The probate management team at GATL helps you manage this complicated and stressful process and try to avoid probate for you.