As an estate settlement attorney Knoxville, TN families turn to will share, amidst the grief of losing a loved one, several business elements will need to be taken care of to ensure the decedent’s estate is properly settled. Typically this process is left up to the party who has been appointed as the estate executor, often a trusted friend or close family member. In the absence of a will or estate plan, the process for determining who will be responsible for taking the lead will fall to probate court. Working with a firm like Carpenter and Lewis PLLC can play an integral role throughout the process as they can assist in helping the executor to understand the probate process and the appropriate steps to take towards settling a person’s estate after they have passed away.
Probate is the legal process where the court validates a will after a person passes away. When there is a will, an executor or estate administrator is named and officially appointed in probate court. The estate executor is charged with carrying out the decedent’s final wishes by settling debts, selling property and assets (if necessary), and distributing wishes to beneficiaries. When there is no will, the court will appoint an executor. Typically this is a family member, but in the absence of this, a court-appointed executor may be necessary. Probate is often feared by many and is often an aspect of settling an estate that many people try to avoid. This is usually because, without proper planning, the probate process can become costly, litigious, and public. As a Knoxville estate settlement attorney will share, there can be several steps to the probate process, and help from an experienced professional is highly beneficial.
For an estate executor, some steps should be taken before probate and during the process. However, the complexity of probate and the assets that must pass through will largely depend upon whether the decedent developed an estate plan that reduced the number of assets that needed to be passed through probate. Estate executors should take the following steps when managing an estate after a decedent has passed:
Settling a person’s estate can be highly complex and even more challenging when grieving the loss of a loved one. Estate administrators carry a great duty; their role is to carry out the decedent’s wishes as outlined. Unfortunately, the process can be highly stressful, and a Knoxville estate settlement attorney from Carpenter and Lewis PLLC can help to clarify the process and settle the estate with ease.
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