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Probating an estate is an expensive, time-consuming and sometimes adversarial affair. It is possible, and sometimes advisable, to avoid probate. With the help of an estate planner and, perhaps, an ...
However, mixing probate and nonprobate assets in one account can complicate things during the transition period, especially if the owners need to coordinate investment decisions.
In common law jurisdictions, probate is the judicial process whereby a will is "proved" in a court of law and accepted as a valid public document that is the true last testament of the deceased; or whereby, in the absence of a legal will, the estate is settled according to the laws of intestacy that apply in the jurisdiction where the deceased resided at the time of their death.
A probate court (sometimes called a surrogate court) is a court that has competence in a jurisdiction to deal with matters of probate and the administration of estates. [1] In some jurisdictions, such courts may be referred to as orphans' courts [ 2 ] or courts of ordinary.
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The other courts include the Indiana Tax Court, the Indiana Court of Appeals, and circuit, superior, and city or town courts. Every county in the state has a circuit court, in which all matter of suits may be filed, and the larger cities (such as Indianapolis, Fort Wayne , South Bend , Evansville , and Terre Haute ) have courts of concurrent ...
From 1992 until 1996, Pratt was with the same firm with the title of attorney. In 1997, Pratt became a judge in Marion County, Indiana, working in the Criminal Division and presiding over major felony matters from 1997 until 2008. She was assigned to Marion County's probate court in 2009, and served there from 2009 until 2010. [1] [2]
Some people appoint an executor in their will, otherwise a probate court will appoint one based on your state’s laws. The executor will use your assets to pay off your debts in a specific order ...
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