Utah Sample Letter regarding Motion to Sell Property of an Estate
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How to fill out Sample Letter Regarding Motion To Sell Property Of An Estate?
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FAQ
The estate has assets (other than land, and not including cars) whose net worth is more than $100,000.
Probate is required if: the estate includes real property (land, house, condominium, mineral rights) of any value, and/or. the estate has assets (other than land, and not including cars) whose net worth is more than $100,000.
Closing the Probate Case. Concluding the probate requires the Personal Representative to provide a detailed account of the estate's management. This can be waived with mutual agreement from all involved parties. See Utah Code § 75-3-1003.
In Utah, probate can take anywhere from four to five months for an average estate to be settled. More complex, larger estates can of course take longer, especially if there are any objections.
Property that is held in a revocable trust will avoid probate. However, it is not sufficient to just have a revocable trust. The deceased person's property must be held in it when she dies. Once a person signs a revocable trust, she should immediately transfer her property to the trust.
Utah law states that a probate action must be filed within three years of the date of the decedent's death (decedent is simply the person who died).
How long does Probate take? 8-12 weeks (establish estate) 4-8 weeks (arrange finance and pay IHT) 2-12 weeks (probate application ? at time of writing delays are considerable) 8-12 weeks (realise assets and pay liabilities) 12 weeks plus (to deal with loose ends)
