Probate can be complex in most cases, requiring extensive time and effort based on the situation. This process usually involves different steps necessary to administer the deceased’s assets, including organizing the estate, paying off the deceased’s debts or taxes, and coordinating with valid heirs, according to state law. However, a simplified version of probate can happen, depending on the estate’s details.
Simplified probate is usually relevant for smaller estates. This route can be quicker and more straightforward than the traditional process but may only apply in specific scenarios. Factors to qualify for this option can vary per state, but in Arkansas, an estate can be eligible based on the following:
- The estate’s value is less than the inheritance amount that will go to the surviving spouse and children.
- The remaining value of the estate after paying off debt and other financial obligations does not exceed $100,000.
Despite being a simpler option for administering the deceased’s estate, an executor still needs to perform essential tasks to move the process forward. Similar to traditional probate, this version still requires paperwork and other standard procedures, which may require careful attention and thoroughness.
Serving as an executor effectively
Regardless of which probate variation is applicable, the executor may receive the most pressure when complications concerning the deceased’s properties and assets arise. In these instances, the burden can be too much for one person to handle, considering other tasks and requirements. When dealing with complex probate issues or disputes, seeking legal counsel can be beneficial. There is no guaranteed way to ensure the process goes smoothly, but valuable guidance can help determine appropriate options to address complications along the way.
