There is no federal law of probate or estate administration. That isn’t to say that federal law doesn’t play a role. It does – mainly in the form of estate taxation. However, the laws related to how a probate estate is administered are enacted by the states. Every state has slightly different laws related to how…
Category: Creditors
Estate Planning: Formal and Informal Estate Administration
Although the law is different in every state, and you should talk to your estate administration lawyer in your state about the process, it is true that many states of two, basic kind of estate administration procedures: (1) formal and (2) informal. What is the difference between formal and informal estate administration? I will apologize…
Estate Administration: How to Respond to Creditor Claims
Dealing with the probate estate can be a tough job for the personal representative. Perhaps the biggest reason why the job is so difficult is that the personal representative usually has never done it before. Furthermore, the personal representative is often a child or spouse of deceased loved one. Add all that up, and it’s…