The Estate Administration process is the process by which the living settle the estate of their loved one. This can include the division of assets and settlement of debts left outstanding. When a loved one dies with a will, the estate administration process is called probate. When a loved one dies without a will, it is called an estate administration. Some estates are small and some require full administrations. At Bull & Reinhardt, we value our clients and strive to ensure the estate administration process is as smooth and painless as possible.
Managing the loss of a loved one is hard enough. The estate administration process is often overwhelming to families as the legal process, by its nature, simplifies a loved one’s meaningful life into figures, such as assets and debts. Allow us to help you through this difficult process. Call 828-254-0499 for a complimentary 15 minute consultation.
Estate Administration – Bond Requirement?
If you find yourself administering an estate that requires a bond it is often for one of the following reasons: First, your loved one passed away without a will that waived the requirement of a bond. Second, your loved one passed away without a will and all heirs will not waive the bond requirement. Third, your loved one passed away in another state and you are administering an ancillary estate in North Carolina. After an initial bond is given, the clerk may need to modify it due to the assets contained in the estate. If the bond is not increased by the personal representative in a timely manner, the clerk of superior court can issue orders revoking letters of administration.
The estate administration process can be complex and difficult to navigate. We can assist you in the estate administration process, and we’re here to help you get a better sense of where your loved one’s estate stands. Please come in and talk with our attorneys during a consultation. Our number is 828-254-0499.