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Probate Lawyers in Caldwell ID: What Is Probate & How Is It done?

 

 

probate lawyers in Caldwell IDProbate lawyers | attorneys can help you go through the probate process which is the legal process by which a court oversees the estate of a person who has died.  Probate lawyers in Caldwell ID will help you to make sure the proper steps are taken to insure the debts and obligations are paid and the estate is distributed to the rightful heirs.  
Some people share the misconception that probate is avoided if you have a Will. While others believe that probate does not apply to people who die without a Will. Neither belief is correct  and probate lawyers in Caldwell ID can help you with questions like these. 
If a person passes away with a Will, probate helps assure that the wishes of the deceased person are complied with. If a person passes away without a Will, then the passing of property will be determined by the Caldwell ID law of intestacy. While it is not true, as some people believe, that the state automatically gets the property if there is no Will, good probate lawyers in Caldwell ID can provide you with the correct answer to questions like this.

 

What Are the Usual Steps to Probate An Estate in Caldwell ID?

 

 

A Will normally designates the person who the deceased has chosen to be the personal representative or executor (the terms are often used interchangeably) of the estate. The personal representative is the person who manages and administers the estate. They usually do so with the help or assistance from probate lawyers in Caldwell ID. 
probate lawyers in Caldwell IDIf you die without a Will, the court will select a personal representative for you.  Individuals related to the deceased person, usually have priority. A  family member, such as your spouse or an adult child, can request that the court appoints him or her as the personal representative of the estate.  Again, good  probate lawyers can assist with deciding who has priority to be the personal representative.
The personal representative or probate lawyers in Caldwell ID begin the probate process by filing a document entitled Petition for Probate of Will and Appointment of Personal Representative with the probate court. Once the personal representative is approved, the court will issue to him or her Letters of Administration or Letters Testamentary (official documentation showing authority to act on behalf of the estate). 
These documents are typically prepared by a probate lawyer or attorney. The personal representative must agree to the appointment. Personal representatives are entitled to be paid for their services but often are not if they are family members.
If you have a Will, the court issues an order admitting the Will to probate. This is an acknowledgment of the Will’s validity unless there is a contest to the Will. If a will is contested, then the parties really need the services of good probate lawyers. 
Some Wills require the personal representative to “post a bond” with the probate court, which guarantees that the executor or personal representative will administer the estate properly. However, most Wills waive the requirement of a bond.

Notifying Heirs, Creditors, and the Public of Death.

 

The personal representative should notify all heirs of his/her appointment and of the probate proceedings. This gives an heir or beneficiary the chance to object if they want. The personal representative may also be required to publish a death notice in the local newspaper. This serves as a public notice of the estate’s probate and enables creditors or people who think they have an interest in the estate to file a claim against it within a specified time period. This published notice makes estate part of the public record.  Probate attorneys will assist the personal representative through the steps required.

Inventorying Property of the Estate.

 

The personal representative should counsel with a probate lawyer in Caldwell ID with respect to the distribution of property. This step begins with an  inventory of the property of the estate which includes both real estate and personal property.  Once inventoried, a value can be placed on the various assets of the estate. The personal representative needs to make certain there is enough property value to pay all of the debts before they start making distributions to heirs or beneficiaries.  Counsel from probate lawyers should be sought if there are any questions.  
probate lawyers in Caldwell IDIf there is not enough to cover all the debts, one or more beneficiaries may receive less than the deceased intended or even nothing at all after the debts have been paid off.   A Probate attorney can help decide how to distribute the assets.
Distribution of property is one area that can result in liability to a personal representative if not done properly. Therefore, they need to work closely with  a probate lawyer. During the inventory, if property is found missing or is no longer owned by the deceased, sometimes replacement assets or the cash equivalent can be used to replace the missing property. Sometimes a Will simply provides for the sale of all assets and then a division of the proceeds among the beneficiaries. 

 

Paying Bills, Taxes, and Distributing the Estate.

 

Payments are typically made in the following order:  

  1. Estate administration costs (legal advertising, appraisal fees, personal representative fees, attorney fees, etc.);

  2. Family allowances (For support of family members);

  3. Funeral Expenses;

  4. Taxes and other debts (medical bills, etc.);

  5. All remaining claims; and

  6. Whatever is left after creditors get their money is distributed to the beneficiaries named in the Will. If there is no Will, the laws in Idaho state how and to whom the remaining property is distributed. Consult with good probate lawyers before distributing property.

If probate goes according to plan and all notices and communications are properly handled, the personal representative is usually protected against any subsequent claims. However, it is wise for the personal representative to work closely with probate lawyers in Idaho through this process.

 

How Long Does It Take?

 

Some probate procedures can be relatively straightforward and can be done within a matter of weeks. Others are more complicated, especially if a Will is contested and may take months or even a couple of years to complete. It all depends on the circumstances. The appointment of a personal representative can usually be done fairly quickly and then the personal representative has authority to pay bills, make distributions, etc. the personal representative should work closely with an experienced probate attorney as they proceed through the process.

Probate Lawyers for Caldwell Idaho:  Conclusion

 

There are different probate procedures available for Idaho probate depending on the circumstances of each case.  For example, there is a fairly simple procedure if the only heir is a surviving spouse and the estate is not very large.  There are also informal and formal probate procedures.  Sometimes probate may not be necessary at all.  A probate attorney can help you decide which procedure is best for your circumstances. 

To Contact Probate Lawyers in IDAHO 

Call 1-888-527-6207

 

Call with your questions anytime.  Probate Lawyers in Idaho – call toll free 1-888-527-6207

We handle probate cases throughout Idaho including Caldwell, Canyon County, Nampa, Meridian, Ada County, Boise, Payette County, Fruitland, Weiser, Emmett, Gem County, Mountain Home, Elmore County, Melba, Marsing, Homedale, Gooding, Jerome, Twin Falls, Burley, Pocatello, Idaho Falls, Lewiston, McCall, and all points north.