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Welcome to learn about a lot my name is Kevin L Flaherty from a flirty law, and today we're going to talk about the probate process we have a previous podcast a video blog about when probate is necessary so check that out if you're not sure if probate is necessary but in this episode we're going to discuss what the process is for an independently administered estate there's in probate you can either have your estate independently administered meaning that the trustee doesn't have to seek approval from the court for many of their actions or have a supervised administration where the court oversees most of the administration of the estate we have a blog article at learn — Beau— — law calm about whether when supervised administration is necessary and kind of going through the differences between the two, so I'm not going to deal with that too much but this is going to talk about an independent administration of a probate estate so probate is initiated when the executor files a petition to admit the will to probate and to be appointed executor and notice of that petition has to go to all the heirs so that if they want to be subject to the executor being appointed executor they can show up at the hearing on the petition and do so but once the petition is filed with a bunch of ancillary documents that are going to be in the show notes for this episode so if you're curious about those documents check that out but once the petition is filed — hearing his help and the court will admit the will to probate and then they will govern the probate case and issue something called letters of office to the executor and letters of office or a court order that gives the executor authority to go and collect the assets liquidate real estate and administer the estate so without those letters of office the executor can't go and get control of the decedent's bank accounts the decedent is the personal best away so once the letters of officer issued in the will has been admitted to probate the executor has to send notice to all the known creditors and all the years that the probate estate has been opened and then published notice in a newspaper for three kings negative weeks for unknown creditors and ears that the executor doesn't have current addresses for and the unknown creditors will that have six months from the time that notices filed the filed claims against the estate so at that initial hearing there's usually a final hearing date set about a year out because that six-month period takes some time and the administration of the estate whether you're selling a real estate or just collecting assets and distribute that distributing them properly take some time so usually the final date for closing the estate is set about a year out and in between that initial hearing and the final closing date, but the executor will do is figure out what assets the decedent had and collect them and create something called an inventory and that's a list of all the assets that the...
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