This form is used to petition the Court for a final settlement of the Estate by the administrator. The administrator certifies that the time allowed by law for the filing of claims against the estate has expired, all lawful charges against the estate have been paid in full, and all monies to which the estate was entitled have been collected. The administrator further states that all taxes have been paid, and the Administration of said estate is ready for final settlement. The form is available in both word and word perfect formats.
Alabama Petition For Consent Settlement of Administration
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FAQ
The length of time an executor has to distribute assets from a will varies by state, but generally falls between one and three years.
By law, the probate of an estate in Alabama will take at least six months. This period gives creditors and others with a claim on the estate time to receive notice that the estate is being probated and to submit a claim.
1The will is filed with the probate court in the county where the deceased resided.2The court appoints an executor and provides letters testamentary to enable the executor to conduct business on behalf of the estate.How Probate Laws Work in Alabama - Probate Advance\nprobateadvance.com > alabama-probate-laws
According to Alabama Probate Code, probate must be filed within five years after the death of the owner of the estate.
Filing fees and court costs for probating a will differ based on where the case must be filed. For example, the filing fee to probate a will is about $57.00 in Jefferson County and $47.00 in Madison County, Alabama.
In Alabama, you can make a living trust to avoid probate for virtually any asset you ownreal estate, bank accounts, vehicles, and so on. You need to create a trust document (it's similar to a will), naming someone to take over as trustee after your death (called a successor trustee).
Generally, an executor has 12 months from the date of death to distribute the estate. This is known as 'the executor's year'. However, for various reasons the executor may have been delayed and has not distributed the estate within this time frame.
In Alabama, the estate executor is known as a "personal representative". Executors for Alabama estates are entitled to reasonable compensation of up to 2.5% of assets received, and 2.5% of disbursements.