Commonly asked FAQs about Estate Settlement Requests
How long does the Estate Settlement process take?
The estate settlement process typically takes around 20 business days.
Why do I need to provide a probated will when settling an estate if the client only has non-registered accounts?
When settling an estate, providing a probated will is necessary even if the client only has non-registered accounts.
A probated will is a legal document that has been validated by a court, confirming its authenticity and validity. It serves as proof of the deceased individual's wishes regarding the distribution of their assets. Even if the estate only consists of non-registered accounts, having a probated will can help streamline the settlement process by providing clarity and legal authority to the executor or administrator handling the estate.
Additionally, it can help prevent potential disputes or challenges from beneficiaries or other parties involved in the estate settlement. Therefore, even if non-registered accounts are the only assets in the estate, providing a probated will is essential for a smooth and legally sound estate settlement process.