Drafting a Will: Create a legal document outlining asset distribution after death, appointing an executor.
Executor's Role: The executor locates the will, applies for probate if necessary, and ensures the deceased's wishes are carried out.
Probate Process: Obtain court approval (probate) if needed, validating the will's authenticity.
Identifying and Valuing Assets: The executor identifies and values assets, including bank accounts, real estate, and investments.
Payment of Debts and Taxes: Settle outstanding debts, funeral expenses, and taxes before distributing assets.
Distribution of Assets: Distribute remaining assets to beneficiaries as per the will or intestacy laws.
Challenging a Will: Address legal disputes that may arise if family members contest the will.
Legal Assistance: Seek legal advice for drafting a clear will, navigating probate, and resolving disputes.