The property could remain in the deceased's estate indefinitely if no one legalizes the will. Another key aspect of the legalization of successions is that it gives definitive status to creditors' claims against the deceased's estate. As long as the personal representative gives due notice and processes all valid claims properly when the estate is closed, creditors lose the ability to collect from the estate or the beneficiaries of the estate. However, without the legalization of successions, the estate remains open and creditors can continue to request payment of the debts incurred by the deceased during his lifetime.
Kathleen Huelsman
Infuriatingly humble social media maven. Amateur internet expert. Award-winning music junkie. Extreme problem solver. Extreme twitter buff.
Related Articles
Understanding the Illinois Probate Process
Kathleen Huelsman1 minute 54, seconds readThis article explains what is probate in Illinois, when it is required, how to avoid it, how an executor can be compensated, how long it takes, what assets must go through probate, and other related topics.
What Probate Forms Do I Need to Execute a Will?
Kathleen Huelsman2 minutes 10, seconds readThe executor of a will must file certain documents with a Surrogacy Court in order to receive formal approval from the court to begin probate proceedings. Learn more about what probate forms are needed.
Unveiling the Mystery of Florida Probate Records
Kathleen Huelsman2 minutes 13, seconds readFind out if probate records are public in Florida and how you can access them. Learn about testamentary assets and how to avoid probate court participation.
What is Probate and How Can a Probate Lawyer Help You?
Kathleen Huelsman2 minutes 44, seconds readIf you have been tasked with establishing an estate for your loved one, learn what is probate and how can hiring an experienced probate lawyer help you.