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Estate planning isn�t about the end of life,it�s about preserving the life you love When a loved one or family member dies with just a Will,or no estate plan at all,his or her family is needed to put the estate through a court-managed process called probate.
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It is also recommended (but not required) that each person be sent a copy of the Petition for Probate with all attachments.
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Some assets are distributed to heirs by the court (probate assets) and some assets bypass the court process and go directly to your beneficiaries (non-probate assets) administrator.
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You’ll also need to pay all applicable taxes,as well as file a final income tax return on the estate.
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