Closing the Probate Estate
A simple and common way to close the peering domain is to use a completion statement. Here’s how to find out if you can start the probate estate closing process:
- If you have issued a Notice of Probate to Creditors and four months have passed since the date of publication.
- If you have sent a Notice of Probate to Creditors to potential creditors and thirty days have passed since it was sent.
- If you have received valid creditor claims and they have been paid or settled in an acceptable manner.
- If the estate is subject to federal taxes, these must be paid and settled.
- If you engage with attorneys, appraisers or accountants, these fees will need to be paid.
Simple probate closing requires all heirs and beneficiaries entitled to receive estate assets to sign a receipt and waiver upon receipt of their estate distribution. The closing process is greatly simplified if you can obtain and file a receipt from each heir and beneficiary entitled to receive estate property that they have received all estate property to which they are entitled. If an heir or beneficiary entitled to receive property from the estate is unable or unwilling to sign a receipt and waiver, then closing becomes more complicated – requiring significantly more paperwork, mail and filing of your part and causing a delay of approximately one month to close the domain.
You are required to administer the estate as quickly as possible, but the time it takes depends on each case and the different circumstances. The King County Clerk expects most probate cases to be filed and closed within a year. If yours is not, you will need to file a status statement explaining why it has not yet been closed. You may need more than 12 months depending on the case, which is fine too.
The probate process can be overwhelming and if not done correctly can cause problems later on. Here at DAL Law Firm, we can help you with the entire probate process. We understand this can be a difficult time, but we’re here to help make it easier for you. Call or text our office today for a consultation (206) 408-8158.
19803 1st Avenue S.
Normandy Park, WA 98148
Such. (206) 408-8158
F (206) 374-2810
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