Perhaps one of the most important tasks you now face is the disposition of a loved one’s estate. Whether or not the deceased had a will can make a greater difference in the time and effort involved in the proper disposition. It is suggested that you obtain legal advice on the array of different matters such as the disbursement or conversion of assets, changing of property deeds and titles, the disposition of bank accounts, stocks and bonds, and the disposition of business assets.
If you do not have an attorney, now is a good time to find one. The best methods of finding an attorney are through friends and relatives, or by calling your local bar association.
If your loved one had a will, it will need to be probated. Probate is the legal procedure for the orderly distribution of estates. In most cases, probating a will is a simple process. Only in the instances where the will is being contested or the deceased had numerous holdings will the action be more complex. There is usually a specific time within which a will must be probated, so it is important to check carefully.
If there is no will, the estate will be disposed of according to the provincial laws governing descent and distribution.
Preparation and or review of your own will is also an important consideration at this time. It is the best way to assure that your estate is handled according to your desires.