1 / 1

Summary Administration

When a loved one passes away, managing their estate can be a daunting task. However, for smaller estates, there is an alternative to the traditional probate process called Summary Administration. This process can significantly speed up the distribution of assets and reduce the complexities of dealing with an estate. If you are dealing with the estate of a deceased individual, understanding Summary Administration can help you navigate the legal procedures more effectively. Visit: https://www.your-advocates.org/

davidpark1903
Télécharger la présentation

Summary Administration

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Summary Administration Eligibility for Summary Administration Not all estates qualify for Summary Administration. To be eligible, the estate must meet certain criteria, which typically include: 1. Small Estate Value: In most states, the estate’s total value must be below a certain amount, often around \$75,000 or less. This includes the value of all assets, such as real estate, bank accounts, and personal property. 2. No Outstanding Debts: The estate should not have significant outstanding debts, such as unpaid medical bills, taxes, or credit card debt. If there are substantial debts, it may disqualify the estate from Summary Administration. Contact Us Website: https://www.your-advocates.org/

More Related