After the loss of a loved one, you may suddenly find you must go through probate to gain the rights to their assets. Probate can be a complicated process and at this time of emotional turmoil, you may feel uncertain as to how to proceed. There are some assets which do not require probate including:
- Those held in joint tenancy
- Assets with a beneficiary such as life insurance, retirement account, or transfer on death accounts
- Assets that were assigned to a trust and have a named successor trustee
Additionally, if an estate is valued at less than $100,000 in Washington, you could avoid probate entirely. However, to do this, one must file the proper documentation with the courts, specifically a Small Estate Affidavit.
If you have been placed in charge of administering an estate because you are named as executor in a will, contact Teel & Associates, PLLC. We have guided many clients through the probate process in Seattle, Shoreline, Lynwood, and Everett and we stand ready to help you through this process.