REASONS FOR PROBATE

  • The necessity of probate depends on the type, ownership, and value of the deceased's assets. Probate may be required when: 

    • The deceased held assets solely in their name. 

    • Certain accounts or properties lack a designated beneficiary or joint owner. 

    • An asset or payment is due to the deceased. 

    • Assets solely owned by, or owed to, the deceased are valued at $50,000 or more. 

    • Authority is required to manage or distribute the estate. 

    • To legally transfer ownership of assets titled solely in the deceased person's name.

    • To settle debts and taxes owed by the deceased from their individual assets.

    • To ensure proper distribution of assets according to the will or intestacy laws. 

    • To provide legal authority for an executor or administrator to manage the estate.

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