If your loved one died and left behind a will, it must go through probate. The court-controlled process involves validating the will, inventorying the testator’s assets, paying off any debts and taxes owed by the estate and distributing the remaining assets to the beneficiaries or heirs per the will instructions.
As a beneficiary, you should not just sit back and let the probate process run its course. Things can go wrong, and the stakes are high since your inheritance may be on the line. The tips below can help protect your interests during this critical process.
Take a proactive role
Ensure you are fully aware of the contents of the will and get a complete picture of your loved one’s estate. It will give you a good vantage point of the probate process. In addition, regularly communicate with the executor and ask for clarification or updates if necessary.
It is also essential to attend probate hearings as it allows you to stay informed of the progress and raise any concerns you may have to the court.
Stay vigilant
Be on the lookout for any anomalies in the financial dealings involving your loved one’s estate. While executors are legally allowed to transact on behalf of the estate as they discharge their duties during probate, you can play an oversight role to ensure there is no foul play. It means keeping abreast of all transactions involving the estate assets and taking swift action if you notice anything wrong.
Seek legal guidance
As mentioned, probate is not always a smooth affair, and it is in your best interests to have adequate legal guidance during the entire process. Understanding how things work and responding effectively to any obstacles that may arise will be much easier when you have the necessary guidance.