In Virginia, the executor or administrator of the deceased individual's estate is responsible for closing bank accounts. State laws govern this process. A few important steps help ensure the proper and legal handling of the deceased's assets. Identify accounts The...
Estate Administration & Probate
When should you dispute an estate?
In Virginia, courts take the distribution of a person's assets after their death very seriously, ensuring adherence to the deceased's wishes as stated in their will or estate plan. However, there might be times when you should question the validity or administration...
5 strategies for avoiding probate in Virginia
When it comes to managing your assets and ensuring a smooth transfer of property after your passing, understanding probate is important. Probate is the legal process through which a deceased person distributes assets to their heirs. In Virginia, as in many other...
Why may probate take a long time?
Probate is the legal procedure of validating a will and settling an individual's estate. The complexities of this process can lead to substantial delays, leaving beneficiaries and heirs anxiously awaiting their rightful inheritance. Understanding the reasons behind...
Actions To Take If Suspecting Fraud From An Estate Executor
The role of an estate executor is one of trust and responsibility. They manage the assets of a deceased loved one, paying all debts and distributing the remaining assets as per the will. However, there might be situations where beneficiaries suspect the executor of...
How complicated is the probate process?
If you recently experienced a loss and it has fallen upon you to be the executor or administrator for your loved one, you probably have some questions about the probate process. Unfortunately, it is different for every estate. In addition to the requirements of the...
How long does an executor have to settle an estate in Virginia?
When a loved one passes away, someone must handle the duties of administering the decedent's estate. The procedure in Virginia differs from other states. Understanding the local probate process can make the difference between drawn-out or efficient proceedings. The...
Understanding the probate process when there is a will
Probate refers to the administration and distribution of a decedent's estate. The will outlines who gets which assets, and there is a process by which this occurs. The person who administers the estate is the executor, and this individual has numerous duties to...