Back to Home What are the realities of probate?
• Probate of Will. • Advertise Grant of Letters. • Inventory of safe deposit box. • Claim for life insurance benefits – obtain Form 712 from insurance company • Claim for pension and profit sharing benefits. • Apply for lump sum Social Security benefits and V.A. benefits. • File Form 56 – Notice of Fiduciary Relationship. • Open estate checking and savings accounts. • Write to banks for date of death value. • Value securities. • Appraisal of real property and personal property. • Obtain 3 years of US individual income tax returns and 3 years of cancelled checks. • Obtain 5 years financials on business interest plus all relevant agreements. • Obtain copies of allUSgift tax returns filed by decedent. • Obtain evidence of all debts of decedent and costs of administering estate.
• Probate of Will. • Advertise Grant of Letters. • Inventory of safe deposit box. • Claim for life insurance benefits – obtain Form 712 from insurance company • Claim for pension and profit sharing benefits. • Apply for lump sum Social Security benefits and V.A. benefits. • File Form 56 – Notice of Fiduciary Relationship. • Open estate checking and savings accounts. • Write to banks for date of death value. • Value securities. • Appraisal of real property and personal property. • Obtain 3 years of US individual income tax returns and 3 years of cancelled checks. • Obtain 5 years financials on business interest plus all relevant agreements. • Obtain copies of all US gift tax returns filed by decedent. • Obtain evidence of all debts of decedent and costs of administering estate.
