The complications associated with probate

One of the responsibilities left with loved ones after the death of a family member is settling the decedent’s estate. This is typically more complicated than just handing out assets according to the terms of a will as many estate assets will first have to go through probate. This is a court-supervised process required to close a North Carolina estate, and it can be a complicated and difficult endeavor for an executor and interested parties. 

What happens during probate? 

The probate process is overseen by the court, and it involves the authentication of the will, distribution of assets and more. This can take months or even years to complete depending on the specific estate. There are many steps involved with probate, including the following: 

• Location of the will 
• Filing the will and appropriate paperwork with the probate court 
• Appointment of an executor 
• Posting bond, if necessary 
• Locating estate assets and determining their value 
• Identifying and notifying creditors with an interest in the estate 
• Paying the decedent’s remaining debts 
• Preparing and filing a final tax return for the estate 
• Distributing estate assets according to terms of the will 

Probate can be a lengthy and complicated process but knowing what to expect can reduce the chance of additional issues that may arise. 

Don’t navigate probate alone 

There is much at stake during the probate process. It is helpful for one to seek the guidance of a knowledgeable North Carolina probate attorney who can provide guidance at every step. With help, it is possible to lower the chance of complications that can cost heirs and beneficiaries additional stress and time.