What Happens After Probate is Closed?

Probate is the legal process used to settle the estate of a deceased person. The process of probate can be complicated and stressful for those handling the estate of a deceased loved one, especially when they don’t know what to expect from the probate process. Luckily, Fricker Law is here to help. In this blog, we will explore the ins and outs of the probate process, what happens after probate is closed, why hiring a probate attorney is so important and how they can help you ensure all matters related to the estate are handled properly and efficiently.

From navigating legal regulations to overseeing asset distribution, it is essential to have an experienced probate lawyer on your side. Looking for a probate lawyer in Milwaukee or a nearby community? Attorney Robert Fricker can help. With decades of experience, Attorney Fricker is the professional you need on your side. Contact Fricker Law today.

First, What is Probate?

Probate happens when the estate of a deceased person needs to be legally settled. This process is incredibly important, as it ensures that the deceased’s assets are handled according to their wishes and in accordance with various regulations.

The probate process begins when the personal representative of the estate files a petition with the court. From there, they must identify and list all of the deceased’s assets and creditors. Next, they must notify any parties who may be part of the estate such as heirs or beneficiaries, and collect any debts owed to the deceased. Once all debts have been paid and taxes are taken care of, any remaining assets will be distributed according to instructions set out in the deceased’s will. This legal process can be complex and time consuming, making it essential to work with an experienced probate attorney.

What Happens After Probate is Closed?

After the probate process closes, all of the deceased’s assets will be divided amongst their heirs or beneficiaries per the instructions set out in their will. The personal representative of the estate has a fiduciary responsibility to ensure that this is done accurately and efficiently. Once all assets have been distributed, the personal representative can close out the estate by filing final papers with the court and paying any remaining debts or taxes.

How Long Does Probate Take?

The length of probate depends on many factors, including the complexity of the estate and the state in which probate is being handled. Challenges to a will are another factor that can cause probate to drag on. Generally speaking, the process can take anywhere from a few weeks for simple cases to several months or even years for those that are more complex.

Probate can be a simple process, but in many cases it gets complex. For this reason, it is essential for the personal representative of an estate to enlist the help of a qualified probate attorney. Working with a knowledgeable probate lawyer increases the chances that all assets will be effectively managed and distributed properly, allowing families to know their loved one’s wishes have been respected and honored in an efficient manner.

If you’ve been named the personal representative of an estate, it’s important to work with an experienced attorney like Robert Fricker of Fricker Law to ensure all matters are handled properly. Fricker Law’s experienced attorneys have extensive knowledge in Wisconsin probate law and will provide comprehensive advice on what happens after probate is closed – from ensuring creditors are paid, executing final distributions and closing out accounts. Fricker Law has your best interests in mind and will help guide you through this complicated process every step of the way. Click here to learn more and contact Fricker Law today.