Mo Personal Representative Form After Death
Description
How to fill out Missouri Personal Representative's Deed To Individual?
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FAQ
In Missouri, the probate court allows creditors six months to file a claim against the estate. After the six-month period, probate goes through an approval process with the court, so many families wait up to a year and a half for their inheritance.
The decedent's property is held and managed by the personal representative dur- ing the administration of the estate. The personal representative makes distribution of the estate when the probate court approves the transactions made to pay claims and expenses and the proposed distribution schedule.
The person who desires to be in charge of the probate estate files an application with the Probate Court to act as the ?personal representative? (also called ?executor?) of the estate. When approved by the Probate Court, that person must comply with certain responsibilities established in the Missouri Probate Code.
Here in Missouri, somebody who dies without a will is said to have died ?intestate.? Most states, including ours, have very particular procedures on how to handle the assets of anyone who has died intestate. In general, your assets will be passed on to your closest living relatives.
Possession of assets. ? 1. Every executor or administrator has a right to and shall take possession of all the personal property of the decedent except exempt property of the surviving spouse and unmarried minor children, and administer it in ance with this law.