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Alaska probate follows this general flow: contact the court, get appointed as personal representative, submit will if it exists, inventory and submit valuations of all relevant assets, have the court and beneficiaries approve it, and then distribute the assets to beneficiaries.
Probate is a court process to transfer property owned by the person who died to the persons who are supposed to receive the property. It involves several steps: Appointing a Personal Representative to handle the probate. Gathering property owned by the person who died.
Informal probate is simpler than formal probate. In fact, informal probate cases usually don't require any hearings. This section covers what to do when you want to (1) open an informal probate and (2) appoint a Personal Representative.
If the estate only includes personal property (e.g. bank accounts, household items, insurance payable to the estate, motor vehicles, boats) valued at less than $50,000 (plus $100,000 in motor vehicles), and an heir or devisee is willing to wait 30 days after death, he is authorized to collect the property by presenting ...
In fact, many estates can be settled without any court involvement at all. Estates valued at less than $50,000, plus $100,000 worth of motor vehicles, can often avoid the probate process in court, provided the estate contains no real property (land or a home).
If you are appointed the Personal Representative, the court will send you the Letters Testamentary (or Letters of Administration) once it is signed by the clerk or magistrate. This is the document that you will use to prove that you are authorized to act on behalf of the estate.
Rule 12. Closing Estates. (a) Duty to Close Estates. When a personal representative has completed administration of the estate, the personal representative either shall petition to close the estate by formal closing under AS 13.16. 620 or AS 13.16. 625 or file a sworn statement under AS 13.16.
An informal probate includes these steps: Appointing a Personal Representative to manage the probate. Gathering property owned by the person who died. Notifying creditors and beneficiaries or heirs. Handling debts and taxes.