4 Costs To Expect During The Probate Process In Dallas
The probate process can be costly and time-consuming. It isn’t something anyone wants to deal with, however, most people will have to deal with it at one point or another. Learn more about what to expect during the probate process below! Outstanding Debts When someone passes away, the administrator of their estate will need to find and pay all of the deceased’s outstanding debts. In most states, the executor of the estate is expected to publish a notice of death in the local newspaper, alerting any creditors not known to the courts or to the executor. These creditors will have a restricted amount of time to file a claim against the estate for amounts they are owed. It is only after all debts have been paid that the executor of the estate is free to give assets left behind by the departed. Court Fees If inheritance has to go through the probate courts, there are going to be some costs. The executor has to verify the will, submit a petition, and ask the courts to examine all asse