Disclaimer: This content is for educational purposes only and does not constitute legal advice. For personalized guidance, consult a probate attorney in Connecticut.
Detailed Answer
1. Appoint an Executor or Administrator
Before you locate and distribute assets, the probate court must appoint an executor (named in the will) or an administrator (if there is no will). Under Connecticut General Statutes §45a-223, the court issues letters testamentary or letters of administration once the appointment and any required bond are approved.
2. Notify Interested Parties and Creditors
Within 30 days of appointment, you must notify known heirs and creditors. Connecticut law requires publication of a notice to creditors. See CGS §45a-257. This step allows creditors to file claims against the estate.
3. Locate and Secure Estate Assets
Inventory all real and personal property owned by the decedent at death. Common assets include bank accounts, real estate, vehicles, investments, and personal items. Review safe-deposit boxes, review mail for account statements, and search public records for real property and business interests.
4. Inventory and Appraisal
Prepare a detailed inventory listing each asset’s description and fair market value as of the date of death. Under CGS §45a-237, file the inventory with the probate court before the first auditing of accounts.
5. Pay Debts, Expenses, and Taxes
Validate creditor claims against the estate. Pay funeral expenses, administrative costs, outstanding bills, and any taxes due (federal and state). If the estate lacks liquidity, you may need court approval to sell assets.
6. Petition for Final Distribution
After debts and expenses are satisfied and the inventory is approved, file a petition for final distribution. The court reviews the petition and, once allowed, approves distribution to heirs or beneficiaries according to the will or Connecticut’s intestacy statutes.
7. Distribute Remaining Assets
Once the court issues its order, transfer titles, deeds, or distribute personal property. Provide beneficiaries with a final accounting. Keep proof of distribution in estate records.
Helpful Hints
- Use certified mail when serving notices to ensure proof of delivery.
- Keep organized records of all communications, receipts, and filings.
- Consult professionals (appraisers, accountants) for accurate valuations.
- Check for unclaimed property or digital assets (online accounts, cryptocurrencies).
- Monitor deadlines: missing the 30-day notice period may affect creditor claims.