|
Probate
|
Timeline
|
|
• Prepare & file Petition for Probate
|
|
1-2
Months
|
• Hearing on
Petition for Probate
|
2-3
Months |
• Issue
Letters of Administration,
Orders For Probate and Duties &
Liabilities.
|
|
• Issue Bond
(if ordered)
|
|
• Notice to
Creditors
|
2-4
Months |
• Notice to
Dept. of Health Services
Inventory & Appraisement
|
4-8
Months |
• Pay
State/Fed Taxes (if necessary)
|
6-12
Months |
• Allow or
reject creditor claims
|
|
• Possible
Preliminary Distributions
|
|
• Notice to
Dept. of Health Services
(if deceased received medical)
|
|
• Notice to
Franchise Tax Board
(if Heir is out of state)
|
|
• Claim of
exemption (if assets
Transfer to a minor)
|
6-15
Months |
• Receive
final tax letter from
State & Federal (if appropriate)
|
6-18
Months |
• File
Petition for Final
Distribution and Accounting
|
8-16
Months |
• Hearing on
Petition for Final
Distribution and Accounting
|
|
• Order
approving Final Distribution
And Accounting
|
|
• Distribution
of Assets to Heirs
|
9-17
Months |
• Final
Discharge Order
|
9-18
Months |
• Final
Distribution of Funds
|
9-18
Months |
|
What
Does Probate Cost? |
ESTATE PLANNING