The large estate probate process in Missouri typically involves the following steps:
Petition for Probate:
- The first step is for the executor named in the will (or an interested party if there is no will) to file a petition for probate with the probate court in the county where the deceased person resided.
- The petition will include information about the deceased, the will (if one exists), and the proposed executor.
Appointment of Personal Representative:
- The court will review the petition and, if approved, will appoint the proposed executor or administrator as the personal representative of the estate.
Notice to Interested Parties:
- The personal representative is required to provide notice of the probate proceedings to all known heirs, beneficiaries, and creditors of the deceased.
Inventory and Appraisal:
- The personal representative must compile a complete inventory of the deceased's assets and have them appraised by a professional.
- This inventory is filed with the court.
Payment of Debts and Taxes:
- The personal representative is responsible for identifying and paying any outstanding debts and taxes owed by the deceased.
- This includes filing final income tax returns and paying any estate taxes that may be due.
Asset Distribution:
- Once debts and taxes have been paid, the personal representative can begin distributing the remaining assets according to the terms of the will or, if there is no will, according to Missouri's intestacy laws.
Accounting and Closing the Estate:
- The personal representative must file a final accounting with the court, detailing all the financial transactions and distributions made during the probate process.
- Once the court approves the final accounting, the estate can be closed, and the personal representative is discharged.
The large estate probate process in Missouri can be complex and time-consuming, often taking several months to a year or more to complete, depending on the size and complexity of the estate. It is generally recommended to work with an experienced probate attorney to ensure the process is handled properly and in accordance with state laws.