The beneficiaries of a Will that has been probated and is being administered in a estate proceeding have the right to contest an accounting of the Executor of the Will and Estate.
This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
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Probate is the court supervised process of identifying and gathering a person's assets after their death, paying all of their debts, and distributing the balance to the rightful heirs or beneficiaries.
Under Rule 62 of the Colorado Rules of Probate Procedure (?Rule 62?), a guardian or conservator of a minor or an incapacitated person (the ?protected person?) must obtain court approval of a proposed settlement of the ward's claim. Rule 62 details the requirements of the Petition for Approval of a Settlement.
The probate process is a legal proceeding that serves to prove the validity of any existing will, supervise the orderly distribution of the decedent's assets to the heirs, and protect creditors by ensuring that valid debts of the estate are paid.
Rule 24. No oral agreements of counsel of parties concerning the progress, management, or disposition of any matter pending in the court shall be enforced unless made in open court and approved by the court.
Probate is the legal process of administering a deceased person's estate. It involves identifying and valuing the assets, paying off any debts, and distributing the remaining assets to the beneficiaries.
With the distribution of all assets, the executor is said to have ?closed the estate.? But, the executor still retains the power to gather newly discovered assets and address future complaints.
The probate procedure is expensive, drawn-out, and intrusive. The costs associated with the court, legal counsel, personal representatives, bonds, and accounting all add up and can create a much bigger ordeal than expected.
Probate is the court-supervised process of validating the will of a deceased person, or decedent. It involves identifying the person's final assets, paying their last debts and distributing their estate's property to the proper heirs.
