Probate is the process involved in passing a deceased person’s property to their heirs or beneficiaries named in the decedent’s will.
• Filing the will and petition with the probate court appointing an executor or personal representative.
• You will need to find out everything the deceased owned so you can file an Inventory with the court.
• An estate tax return must be filed if that estate exceeds a certain value. The return must be filed within nine months of the date of death.
• A final return tax return must also be filed for the decedent if the decedent’s income in the year of death exceeds the income threshold.
• Executors do not generally pay out all estate assets until the period for creditors to make their claims run out.
• A final accounting must be filed with the probate court listing any income to the estate since the date of death and all expenses and estate distributions.
As a Probate Attorney in Wisconsin, I will help you traverse the process of probate and also provide you with full support and advice if you are creating an estate plan.
