Special Circumstances
Dying Intestate
If the decedent has died without leaving a will, a surviving spouse, a
family member, or a creditor can file an application for appointment as
administrator of the decedent’s estate. The administrator has all
the duties of an executor of a will, but instead of carrying out the terms
of a will, the administrator follows the state’s law of intestacy
in distribution of the estate among the closest next of kin.
The administrator has a fiduciary duty to use care to safeguard and preserve
the assets of the estate, and to carry out the proceedings with reasonable
speed. The administrator may be personally liable for any loss in the
asset values during the estate settlement.
Probate for Small Estates of Less Than $20,000
Small estates are not processed through the lengthy formal probate court
process if the solely owned assets are less than $20,000 and if the decedent
does not have solely owned real estate.
If the assets exceed the claims and expenses, and the decedent left no
will or left a will that follows the law of intestacy, the court will
distribute the assets according to the law of intestacy. If the provisions
of the will differ from the law of intestacy, then the decedent’s
heirs must sign a written waiver of their right to contest the will in
order for the court to order the distribution to those persons named in
the will.
|