As an executor in the state of California, you'll likely need to go through the process of probate. This can be a complex and tricky procedure for anyone who hasn't experienced it once before. The Law Offices of Roshni T. Desai are here to help you through the entire process and explain exactly what you, as the executor, need to know.
As the executor of an estate, it's up to you to initiate the probate process. If the estate you're overseeing has over $150,000 in probate assets, then it must go through probate. Probate itself is defined as the process in which a will is validated in court. Not only do you validate the will, but you also handle paying creditors or taxes, distributing any remaining assets, and obtaining an appraisal of the assets you'll be handling.
Because you're dealing with the assets of an estate, there will be a lot of legal work and paperwork involved. You will need to deal with beneficiaries, creditors and tax collectors, and the court system. When money or assets are involved, processes handling them can become very stringent. Not only that, but if mistakes are made while handling these assets, you may be held liable as the executor of the estate.
Needless to say, this is a large amount of responsibility to shoulder, especially in the wake of a loved one's passing. If you need help learning about the process of probate in California, check our web page to continue reading. You may also wish to consider seeking legal guidance, as having a knowledgeable ally will make probate much easier.