In Lake Alfred, Florida, probate is the process through which a Court decides if a will is valid or not.
As part of the probate procedure, the court in Lake Alfred, Florida will decide the validity of the will, inventory the decedent's assets and debts, then, assuming everything is deemed to be in order, distribute the estate according to the will.
The executor of the estate is often named in the will. If not, the probate court in Lake Alfred, Florida will name will appoint a person to serve as executor. This is normally the person who stands to inherit the most under the will.
The executor is the individual who initiates probate proceedings. The person who stands to inherit the most from the will is normally appointed the executor, because they will have the most incitement to help the process go as quickly as possible, so they can get their inheritance.
Duties of the Executor in Lake Alfred, Florida
Executors of estates have a many distinct responsibilities. First, the executor must start the probate proceedings. Probate almost always needs to be done before the property in an estate can be released according to the terms of the will.
Furthermore, the executor has to make sure that the decedent's relatives and other people named in the will have notice of the testator's death, normally through the filing of a copy of the official death certificate.
The executor will also have to gather and make accessible a list of all of the decedent's debts and assets, as well as a list of those who stand to inherit from the decedent.
Because the executor serves as the living personification of the decedent's estate, they are solely accountable for proving the validity of the will. This is a lot of work, but because executors are normally chosen based on how much they stand to inherit from a will once its validity is confirmed, they have a good incentive to see the process to finalization.
How Can A Lake Alfred, Florida Lawyer Help?
Because of the intricacies involved in probate, it would be smart to hire a seasoned Lake Alfred, Florida probate lawyer, especially if you are the executor of an estate and unsure how to proceed.