Failure to meet all of the probate requirements can lead to several unwanted outcomes. For one, you could be removed as the trustee or executor altogether. You may incur a substantial amount of fines. And you might even be sentenced to jail!
It is very important that you stay well organize and file all documents and forms on time. Don’t forget about filing the estate taxes as well. If you fail to complete these tasks as required by the probate court they are not going to be to forgiving. Probate court judges have just as much power as any other court judge and will not hesitate to find you in contempt of court. Do not take your duties as executor or trustee lightly.
Hiring a professional and well organized Estate Administration Lawyer would be a very wise thing to do. It’s hard to get lost in a mountain of paperwork and formalities, especially during such an emotional time of losing a loved one.
*This blog entry was not written by an Attorney and should not be constituted as professional legal advice.