Detailed Answer
Appointment and Authority
After someone dies, the probate court in Kansas appoints a personal representative by issuing Letters Testamentary or Letters of Administration (K.S.A. 59-505). These letters grant legal authority to collect assets, open an estate bank account, and pay bills.
Open an Estate Bank Account
Once you have court authorization, open an account titled “Estate of [Name].” This separates estate funds from personal funds. Use this account to pay debts, fees, and ongoing expenses.
Inventory Assets and File an Appraisal
Within 60 days of appointment, file an inventory and appraisal of estate property under K.S.A. 59-605 (link). The inventory helps you estimate liquidity and plan for ongoing payments.
Notify Creditors and Publish Notice
Kansas law requires you to notify known creditors and publish a general notice in a local newspaper under K.S.A. 59-603 (link). Creditors then have a limited period to file claims.
Prioritize and Pay Estate Expenses
Pay funeral costs, last illness expenses, and administration fees first. These expenses hold priority under K.S.A. 59-508 (link). Then pay taxes, secured debts, and other allowed claims under K.S.A. 59-509 (link).
Manage Ongoing Bills
Use estate funds to maintain essential services such as utilities, insurance, mortgage or rent, and property taxes. Contact each provider to transfer billing to the estate account. Keep detailed records of all payments.
Address Insolvent Estates
If assets prove insufficient, pay in order of priority. Kansas law sets the order in K.S.A. 59-508 and K.S.A. 59-509. You may need court approval to decide which bills to satisfy first.
Helpful Hints
- Keep a spreadsheet of all bills, due dates, and payments.
- Maintain clear records of receipts and canceled checks.
- Communicate regularly with beneficiaries about estate cash flow.
- Consult the probate court clerk if you face unexpected disputes.
- Review insurer requirements to avoid lapses in coverage.
Disclaimer: This article is for educational purposes and does not constitute legal advice. Consult a qualified attorney in Kansas for advice tailored to your situation.