An Overview of the Probate Escrow Timeline
Today, we wanted to share with you a valuable resource related to Probate Escrows. These types of Escrows are very unique, and in turn, have their own set of timelines and needs.
Of course, all Probate Escrows have their own set of circumstances, but this timeline should give you a general idea of what lies ahead.
Prepare & File Petition for Probate
Hearing on Petition for Probate
Issue Letters of Administration, Orders for Probate, Duties and Liabilities
Bond Issued (if applicable)
Notice to Creditors
Notice to Department of Health Services Inventory & Appraisement
Pay State & Federal Taxes (if applicable)
Allow or Reject Creditor Claims
Possible Preliminary Distributions
Notice to Department of Health Services (if applicable)
Notice to Franchise Tax Board (if applicable)
Claim of Exemption (if applicable)
Receive Final Tax Letter from State & Federal (if applicable)
File Petition for Final Distributing and Accounting
Hearing on Petition for Final Distributing and Accounting
Order Approving Final Final Distributing and Accounting
Distribution on of Assets to Heirs
Final Discharge Order
Final Distribution on of Funds
Of course, if you have have any questions or need assistance with a Probate Escrow, please don’t hesitate to contact us. We’re here to help.