Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Are there simplified probate proceedings?

0
Posted

Are there simplified probate proceedings?

0

Yes, if the probate assets are less than $30,000 in value ($50,000 if passing to a surviving spouse), the estate may qualify for statutory “small estate” proceedings which are often closed within two months. In a small estate proceeding no Inventory is required to be filed and no Administration Accounts need to be approved by the Orphans’ Court. There is also a streamlined procedure called “modified estate administration” which allows an estate to be closed within ten months of the appointment of a Personal Representative and requires no Orphans’ Court involvement. Not all estates qualify for small estate proceedings or for modified estate administration and this may be discussed with the Register of Wills’ office.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123