Do I need to apply for Letters Probate if the estate is small?

If the estate is small or insolvent (there isn’t enough money in the estate to pay off all the debts), then the executor may not need to apply for probate. We recommend that you consult with a lawyer before distributing any assets from a small estate to ensure that you, as the executor, will not be liable for any outstanding debts that aren’t paid.

Copyright © 2016 Montgomery Miles & Stone Law Firm. All Rights Reserved
Website Powered by Cutting Edge Concepts