PROBATE is the process by which a decedent’s assets are distributed upon death in accordance with a person’s will or by statute in the event that there is no valid will. The manner in which the assets are titled may determine whether probate is required. For example, an asset titled in the sole name of the decadent at the time of the decedent’s death normally requires probate. However, assets that are held in a trust, jointly with another or where a beneficiary is designated normally do not require probate. A thorough and complete review of the manner in which a decedent’s assets are titled at death is necessary to properly advise the client as to the manner in which a decedent’s estate must be administered.
If you have a probate, estate or trust administration matter that you would like to discuss, please contact me for a consultation.
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