7 Errors To Avoid When Winding Down A Riverside Probate Administration
Scott Grossman is certified by the State Bar of California Board of Legal Specialization as a specialist in Estate Planning, Trust, and Probate Law. He represents clients in cases throughout California.
When administering the estate of your loved one, it is important to remember that costly mistakes can be made. These mistakes can occur even if all the beneficiaries get along well and there are no creditors to worry about. Keep in mind that these mistakes can cost the estate valuable time and money to correct. Fixing mistakes made as part your Riverside probate process can sometimes be a hassle. For this reason, it is important to be extra cautious. When preparing to submit your final account and petition for final distribution of the estate assets keep the following errors to avoid in mind:
Common Executor Errors as Riverside Probate Draws to a Close:
- First of all, forgetting to give notices to all the required parties.
- Failing to put the account in the proper form.
- Omitting a description of the character of the assets that are to be distributed.
- Furthermore, failing to list all of the assets.
- Forgetting to specifically state the manner in which the estate is going to be distributed.
- Another error is omitting a statement that describes all of the creditors’ claims activity.
- Finally, failing to submit a proposed Judgment of Final Distribution to the probate court.
In conclusion, providing the correct parties with a notice is one mistake that can be avoided simply by paying close attention to the rules. Our article, “Five Helpful Tips Regarding Notice to Heirs During California Probate,” provides valuable information about this important step in the Riverside probate process.
For more information about how you can avoid the mistakes that may cost the estate time and money, call our office today at (888) 443-6590 or fill out our contact form for a free consultation. Allow us to further assist you while knowing you are in good hands.