In Lynn Haven, 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 Lynn Haven, 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 frequently named in the will. If not, the probate court in Lynn Haven, Florida will name will appoint a person to serve as executor. This is typically 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 typically appointed the executor, because they will have the most incentive to help the process go as quickly as possible, so they can get their inheritance.
Duties of the Executor in Lynn Haven, Florida
There are quite a few things that an executor is accountable for. At the outset, they are obligated to file the probate action with the appropriate court. No progress, let alone any final disposition of the estate, can be made until this happens.
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, typically through the filing of a copy of the official death certificate.
If the decedent was even reasonably well-off financially, it's likely that they'll have substantial amounts of both debts and assets. The executor is tasked with drafting an accurate accounting of the debts and assets of the estate, so as much of the decedent's debts can be paid off as possible.
Lastly, executors have to actually put forth the effort to establish that a will is valid. As the sole legal representative of the estate, this is their job, and is obligated for them to inherit, giving them an incentive.
How Can A Lynn Haven, Florida Lawyer Help?
Because of the difficulties involved in probate, it would be a reliable idea to consult with and retain a Lynn Haven, Florida attorney who specializes in probate, especially if you are the executor of an estate.