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    Steps in Estate Settlement

    Gary Hachfeld, David Bau and, C. Rob Holcomb (August, 2017)
    Summary

    The decedent’s will or trust document dictates how their assets will be distributed. Trust settlement is a private process and does not require court supervision. Will settlement is done through the court process of probate. If the decedent has no will, referred to as “dying intestate”, the state of residence has a procedure that is followed. If the decedent has a “simple will” and a surviving spouse, the assets will transfer to the surviving spouse through the probate process. If property is held “Tenancy In Common”, it is subject to the probate process as well.

  • Details

    Organization
    University of Minnesota Extension
    Publisher
    University of Minnesota
    Published
    August, 2017
    Material Type
    Written Material