Why Probate is Needed for Accessing Assets After Death

Sarah Ocampo

Writer's picture Sarah Morris Ocampo

Why Probate is Needed for Accessing Assets After Death

 

 

The probate process can be complex and often intimidating, especially for those who are navigating it for the first time. 

In this blog post, we will break down the probate process into manageable steps to help you understand what needs to be done.

 

 

Step 1: How to Lodge the Will with the Court 

The first step is locating and lodging the original will with the court. The will outlines the deceased’s wishes for asset distribution. It's important to submit the original "wet ink" signature will, as a copy will not hold the same legal weight. 

If the original will cannot be found but a copy is available, the process of “proving it up” begins. This involves gathering affidavits from witnesses present during the signing to confirm the authenticity of the signature. 

In addition to the will, a death certificate is required to open probate. While obtaining a death certificate can take 2-3 weeks in straightforward cases, suspicious circumstances like murder or suicide may cause delays.

 

Step 2: How to Open Probate with the Required Documents 

If the death certificate is delayed, a coroner's letter may suffice to open probate. 

Once the necessary documents are obtained, a petition must be filed with the court to officially open probate.

 

Step 3: How to Petition the Court to Appoint an Administrator 

After lodging the will, the next step is petitioning the court to appoint an administrator. If the will names an executor, that person can serve as the administrator. 

However, if no executor is named, or if there is no will, the court will appoint an administrator to manage the estate. 

No actions regarding the deceased's assets can be taken until the administrator is officially appointed, ensuring the legal process is followed. 

 

Step 4: Wait for the Court's Decision 

Once the petition is submitted, the court typically takes about five weeks right now to schedule a hearing. 

In some cases, a stipulated petition may reduce the waiting time to as little as two weeks.

 

Step 5: Receiving the Letters of Administration 

After the court appoints an administrator, it issues letters of administration. 

These letters grant the administrator the legal authority to manage the estate, including selling property or accessing bank accounts. 

 

Step 6: How to Manage the Estate After Receiving Letters of Administration 

With the letters of administration, the administrator can now fulfill their duties.

These duties include managing and distributing the deceased’s assets, selling property, and settling any debts or taxes.

 

Conclusion: Probate is Needed for Assets 

Navigating the probate process can feel overwhelming, especially for those handling it for the first time. 

By understanding each step, from lodging the will with the court to managing the estate after receiving letters of administration, you can confidently approach the process. 

 

Although probate is needed for assets after death, and this process can be complex, following the proper legal steps ensures that the deceased’s wishes are honored and their assets are distributed fairly. 

If you're involved in the probate process and unsure of your next steps, seeking professional guidance can make all the difference. 

 

Contact us today for a free 15-minute complimentary consultation and ensure you’re fully prepared to manage the estate efficiently and legally. 

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Sarah Ocampo

Sarah Ocampo is the founder and CEO of Ocampo Wiseman Law, a Las Vegas-based firm specializing in probate, estate planning, real estate, and business law. With over two decades of legal experience, Sarah has become a trusted advisor for individuals and businesses navigating complex legal matters.

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