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Generally, Wills must be filed for probate in the county where the deceased lived. WHEN MUST A WILL BE FILED FOR PROBATE? To be effective, a Will must be filed for probate within five years of the date of the testators death.
Most states have a small estates rule that allows you to avoid probate entirely, as long as the estate value doesnt pass a certain threshold. In Alabama, if an estate doesnt have any real property and the value doesnt exceed $25,000, after waiting 30 days, you can use whats known as a summary probate procedure.
Examples of probate assets include real estate owned only by the decedent, bank accounts in the name of the decedent, and life insurance policies that fail to name a beneficiary or are payable to the estate. If the decedent owned any of these assets, Alabama probate will probably be required.
Generally, Wills must be filed for probate in the county where the deceased lived. WHEN MUST A WILL BE FILED FOR PROBATE? To be effective, a Will must be filed for probate within five years of the date of the testators death.
Probate of a Will is the administration of an estate to insure that all of the property is disposed of properly. It is the Probate Judges responsibility to make sure that all of the laws in Alabama regarding the distribution of estates are followed.
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Is Probate Required in Alabama? Probate is necessary in Alabama except when the property passes straight to another person. However, you have the possibility of a small estate probate, which is simpler than the full probate process.
Examples of probate assets include real estate owned only by the decedent, bank accounts in the name of the decedent, and life insurance policies that fail to name a beneficiary or are payable to the estate. If the decedent owned any of these assets, Alabama probate will probably be required.
Non-Probate Alabama Inheritances Retirement accounts, like IRAs. Assets within a revocable trust. Pay-on-death bank accounts. Transfer-on-death investments. Life insurance policies. Jointly-owned real estate and other property.
Non-Probate Alabama Inheritances Retirement accounts, like IRAs. Assets within a revocable trust. Pay-on-death bank accounts. Transfer-on-death investments. Life insurance policies. Jointly-owned real estate and other property.
Most states have a small estates rule that allows you to avoid probate entirely, as long as the estate value doesnt pass a certain threshold. In Alabama, if an estate doesnt have any real property and the value doesnt exceed $25,000, after waiting 30 days, you can use whats known as a summary probate procedure.

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