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Probate Process

Probate is the legal process through which a person's assets are transferred after their death. The procedure is supervised by a court of law and designed to protect anyone with a legal interest in the deceased person's estate.The estate lawyers of Elder Law Center of Wisconsin are versed in all areas of probate, wills, estate planning, and trusts and can assist families through the lengthy probate process.

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Probate Process

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  1. Probate Process

  2. What is Probate Process? • Probate is the process used by states to settle the estate of a deceased person. • The process usually runs several thousand dollars for even simple estates and far higher if there are complicated issues or family disputes.

  3. Step of Probate Process • Identifying the property • Identifying the properhires • Pay any outstanding taxes & debts • Distribute property to hires

  4. Probate is a process that includes • Filing papers requesting the court to “admit” a will to “probate”. • Appointing the “executor” designated under the will to gather all of the assets. • Paying all debts of the estate. • Making distributions of the remaining estate to the designated legatees under the will.

  5. Probate process requires at least two court hearings • Submit the documents to the court for its approval. • Court hearing to close the estate once the probate process is completed.

  6. Assets to avoid probate • Payable-on-Death/Joint Accounts • Retirement accounts • Transfer on Death Deed • Trust Planning

  7. Elder law center of wisconsin Address: 125 N. Executive Drive, Suite 210,  Brookfield, WI, 53005 Website: https://www.elderlawcenterofwisconsin.com Phone: (262) 812-6262 Toll Free: (866) 865-3306 Fax: (480) 969-0079 Email: info@elderlawcenterwi.com

  8. Social Media Channels https://www.facebook.com/elderlawwisconsin/ http://www.linkedin.com/in/ryanzenk https://plus.google.com/+ElderLawCenterOfWisconsin

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