Whenever a person dies, his or her estate needs to be collected, managed, and distributed. If that person owns real estate, has investments in his/her sole name then a full estate administration will be required. There will be multiple filings with the court as well as gathering the assets of the estate, paying the decedent's debts, and distributing the assets that remain in the estate. Let Landon Dunn help you with this complex process.

The initial filing involves an application for letters testamentary if the executor has the original will. The application is called an application for letters of Administration if there is no will. In either case a determination is made of the Heirs of the Descendent. The filing will include a snapshot of the assets in the probable estate.

After the filing is acceptable by the Probate Clerk a notice to creditors is run for four consecutive weeks in a legally authorized publication.

The next filing is the 90 day inventory when the exact values of the decedent’s assets as of the date of death is determined. The clerk assesses a fee of $4 per thousand of such estate assets. Most of the time real estate is not assessed by the court

The final accounting is the process where the estate is audited. All payments made on behalf of the estate are accounted for as well as any assets deposited.

Finally the net assets are distributed to the heirs. Each heir signs a receipt of final disbursements.

Landon A Dunn, Attorney At Law can help you with administering your loved ones estate and other aspects of Estate Administration. Call us or use our contact form.