Missouri Release and Exoneration of Executor on Distribution to Beneficiary of Will and Waiver of Citation of Final Settlement

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Multi-State
Control #:
US-03366BG
Format:
Word; 
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Description

Most states have a statute that requires something to the effect that upon the filing of an account for final settlement by the executor of the estate of a decedent, a citation is required to be filed containing a statement that such final account has been filed, the time and place when it will be considered by the court, and a statement requiring interested persons that are cited to appear and contest the same if they see proper.


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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FAQ

Probate About. value is. All estates with a total value of $40,000.00 or more, must be handled by an attorney. Property that is jointly held, TOD, transferred on death, POD, payable on death, has living beneficiaries or is listed under a trust, may not have to go through Probate.

The order of final distribution must dispose of all personal property not previously distributed, as reflected on the final settlement. All real property shown on the inventory, which has not been sold by the personal representative, must also be included on the order.

A beneficiary deed is a type of real estate deed that is used in estate planning to ensure that your home or land avoids probate. Missouri statute section 461.025 authorizes the use of beneficiary deeds in the state of Missouri.

Missouri requires that an estate be over $40,000 in order to go through a standard probate process. Otherwise, it will undergo a simplified probate process. Wills and testaments must be filed within one year of death with the Probate Division of the Circuit Court.

The Estate Settlement Timeline: There isn't a specific deadline for this in Missouri law, but it's generally best to do so within 30 days to prevent unnecessary delays in the probate process.

Two types of probate administration are permitted by Missouri probate law ? ?supervised? or ?independent.? A supervised administration is closely monitored by the probate court.

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Missouri Release and Exoneration of Executor on Distribution to Beneficiary of Will and Waiver of Citation of Final Settlement