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Twelve Months of Financial Milestones Working with Financial and Legal Advisors What Are the Steps in the Probate Process? What Is the Probate Process if There Is No Will? How Do I Pay the Bills Until the Estate Is Settled? What Does the Executor or Administrator Do? What Should I Do if I
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SETTLING THE ESTATE
As you try to make sense of your loved one’s death, you may be faced with making decisions about your loved one’s property and possessions. What belongs to you? What goes to the children, other family members, and friends? What is available to pay taxes, bills, and other obligations? It may be of comfort to know that you don’t have to answer these questions all by yourself. They will be addressed in the process of settling your loved one’s estate. Be aware that the estate settlement process can be complex—legally and emotionally. There can be severe financial repercussions if it is not settled in accordance with applicable state and federal laws. There also can be strains on family relations when beneficiaries question decisions. This is why it’s a good idea to seek an experienced estate lawyer who can provide objective advice and guide you through the process.
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