Mankato Probate Attorney & Lawyer
Robert Chesley
- Estate Distribution
Probate is a legal process that determines the validity of your will, gathers your assets, pays your debts, taxes, and the expenses of will administration, and then distributing the remaining assets to those persons entitled to them.
To make sure that your property is distributed according to your wishes, your survivors will usually submit your Will to probate court. The main advantage of probate is that the probate court is supervising the entire proceedings, and the probate laws are being followed. This is especially beneficial if there are claims of creditors, challenges to the will, or disputes that arise from the will. If your personal personal property exceeds $50,000 or you own real estate in your name alone, your estate must be probated. If your estate is worth less than $50,000, your heirs may be able to collect the property without going to court by using an Affidavit for Collection of Personal Property.