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.

What Is the Arkansas Law on Probate of Estates?

0
Posted

What Is the Arkansas Law on Probate of Estates?

0

Arkansas law requires a legal procedure called “administration” when someone who owns property dies in the state. The procedure is conducted in the Probate Division of the county court where the person lived.DefinitionProbate of an estate, also called administration, includes proving that the will is valid and appointing someone to administer the estate. The administrator, or personal representative, is responsible for inventorying property, paying debts and taxes, identifying the heirs and distributing the property.Personal RepresentativeAn individual must be at least 21 years old, mentally competent and eligible to be bonded to serve as a personal representative in Arkansas. A bank or trust company may also act as personal representative.InventoryThe personal representative must complete an inventory within 60 days of being appointed. The estate inventory must list everything the deceased person owned, including, for example, real estate, personal and household belongings, business p

Related Questions

What is your question?

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

Experts123