What are the steps involved in the probate process?
The probate process in Oregon involves several steps for the successful executor of an estate to take. First, the executor must file the original will with the Oregon Circuit Court. This must be done within four months of the date of death. Once the will has been filed, the executor must also file a Petition for Probate. This document requests the court to recognize the executor’s authority to administer the estate. Next, the executor must provide notice to all interested parties informing them of the probate. This includes heirs, estate beneficiaries, and certain creditors. After notice has been provided, the executor must then collect all assets of the estate, determine what debts the estate has, and make the appropriate payments to creditors and beneficiaries. The executor must also pay any applicable taxes due on the estate before distributing the remaining assets to the beneficiaries. Finally, the executor must file a financial report with the court. This report itemizes all assets, expenses, and distributions of the estate. Once the court approves the report, the probate will be complete.
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