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A petition for final distribution of probate is a legal document that asks the court to distribute the remaining assets of an estate to the beneficiaries or heirs. It is usually filed by the executor or administrator of the estate after all debts, taxes, and other matters have been resolved.
In its most basic form, a last will and testament is a legal document in which you express your wishes as to how your property will be distributed after your death. A will lets you control what happens to your property and affairs.
Probate is the legal process that you must follow to transfer or inherit property after the person who owned the property has passed away. Depending on the amount and type of property the deceased person owned, you may or may not need to go to court to transfer or inherit the property.
Most assets can be distributed by preparing a new deed, changing the account title, or by giving the person a deed of distribution. For example: To transfer a bank account to a beneficiary, you will need to provide the bank with a death certificate and letters of administration.
The probate process for an intestate estate includes distributing the decedent's assets ing to state laws. If a deceased person has no assets, probate may not be necessary. In general, a probate court proceeding usually begins with the appointment of an administrator to oversee the estate of the deceased.