Compassionate And Dedicated Guidance Through Probate
The processes of estate administration and probate can be extremely complex. Probate, in particular, can come with a host of challenges and complications and is often time-consuming and expensive. But these processes don’t have to be so overwhelming. An experienced attorney can help people figure out how to handle the probate process efficiently while maintaining a high level of care and compassion for your loved one’s estate.
If you’re looking for answers about probate administration in Fargo, North Dakota, you can turn to our firm. The probate lawyer at Scheidecker Law is here and ready to help.
The Answers You Need
If this is your first experience with probate administration, you may not understand the process. Simply put, probate is the court process of distributing assets that don’t have properly documented beneficiaries. Oftentimes a person’s will does not completely cover all of their assets and how to distribute them as different types of assets require specific notations of beneficiaries. The probate process mainly applies to assets that don’t have designated beneficiaries over a certain value. In Minnesota, this value is over $75,000. Our firm also offers services in North Dakota, where the value is $50,000.
A few of the assets that commonly go through the probate process include retirement and investment accounts, insurance policies and expensive property like cars and high-value collections. A few assets that may not be subject to probate include personal property, real estate that is placed in a trust, jointly held bank accounts, and life insurance proceeds with a designated beneficiary.
What Is The Probate Process In Minnesota?
The probate process starts when a personal representative, the person in charge of managing the estate, initiates estate administration by filing an application with the probate court. This is also when most enlist the help of a probate lawyer. Throughout this process, the personal representative is responsible for carrying out the administration of the estate. If there is a will, then the applicable parts of the estate can be distributed according to its outlines, and the remaining property will be distributed according to the state’s succession laws. In Minnesota, this process usually takes between 12 and 18 months to resolve fully. In North Dakota, the timeline is similar. The process may take longer, however, if there is probate litigation.
Get The Help You Need
As mentioned, this process is complicated, but an attorney can help guide you through and ensure everything is carried out properly. The probate lawyers at our firm have extensive experience with the probate process. We’ll take care of your loved one’s estate. Contact us to find out more about how we can be of assistance. Call 701-941-5800 or use our online contact form to set up an appointment.