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Letters Testamentary or Letters of Administration are issued by the court, once the court has appointed you the Personal Representative of the estate. These documents authorize you to handle the claims, releases, transfers, and other issues in the estate.
In a probate, an interested person petitions the court to appoint a personal representative ("PR"). The PR collects the assets, pays the debts, accounts to the court, and distributes the property.
The court shall issue letters testamentary or letters of administration to the personal representative appointed by the court upon the filing with the clerk of the court the bond, if any, required by the court.
Following is a summary and guideline of the steps required by Oregon probate courts and the taxing authorities for the probate of an individual's estate: Initiating Probate; Letters Testamentary. ... Notices. ... Unknown Creditors. ... Notification to Estate Heirs and Beneficiaries. ... Inventory. ... Non-probate Assets.
Probate can be started immediately after death and takes a minimum of four months. If the estate includes property that takes a while to sell, or if there are complicated tax or other matters, probate can last much longer. A small estate proceeding cannot be filed until 30 days after death and is complete upon filing.
An affidavit can be filed if the fair market value of the estate is $275,000 or less. Of that amount, no more than $200,000 can be attributable to real property and no more than $75,000 can be attributable to personal property.
An affidavit can be filed if the fair market value of the estate is $275,000 or less. Of that amount, no more than $200,000 can be attributable to real property and no more than $75,000 can be attributable to personal property.