Wills and Probate FAQs
What happens after probate is granted?
The next step after probate is granted is to begin the process of distributing the deceased person’s assets. This includes paying debts and taxes and then distributing the remaining assets to the beneficiaries named in the will. The executor is responsible for ensuring that this process is carried out correctly and in the best interests of the beneficiaries.
If there is no will, the estate will be distributed according to state law. This means that the deceased person’s assets will be given to their closest relatives, such as their spouse or children. The executor will still be responsible for carrying out this process and making sure that the assets are distributed correctly.
Once all of the assets have been distributed, the executor will file a final report with the court. This report will show how the estate was distributed and that all debts and taxes have been paid. After this, the executor’s role is complete and they will no longer be responsible for the estate.
If you have been named as an executor in a will, it is important to understand your responsibilities. Probate can be a complex and time-consuming process, so it is important to seek legal advice if you are unsure about anything.