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To be appointed, the personal representative needs to usually apply for ?letters testamentary? with the proper court, which in turn will authorize that person to act as personal representative and carry out the instructions contained in the decedent's will.
Probate About. value is. All estates with a total value of $40,000.00 or more, must be handled by an attorney. Property that is jointly held, TOD, transferred on death, POD, payable on death, has living beneficiaries or is listed under a trust, may not have to go through Probate.
Small Estates ($40,000 or Less) At the Piatchek Law Firm, our attorneys regularly handle probate estates of all sizes, including small estates. A normal probate administration in Missouri involves over $40,000 in net assets, so an estate with less than $40,000 is referred to as a ?small estate.?
Probate is the legal process that becomes necessary when: A person dies; That person still has certain asset(s) (anything with an account number, title, or deed) titled into their name only; AND. There is no beneficiary designated on any such asset(s).
Missouri requires that an estate be over $40,000 in order to go through a standard probate process. Otherwise, it will undergo a simplified probate process. Wills and testaments must be filed within one year of death with the Probate Division of the Circuit Court.
A notary is to be an impartial witness. A Missouri notary may notarize documents that originate in other states as long as the document is being notarized in Missouri. Missouri notaries can only notarize documents in Missouri. Missouri law does not forbid notaries from notarizing the signatures of relatives.
Powers of notary. ?Each notary public is empowered to (1) Take acknowledgments; (2) Administer oaths and affirmations; (3) Certify that a copy of a document is a true copy of another docu- ment; and (4) Perform any other act permitted by law. 486.255.
Estate Planning Tools You Can Use to Avoid Probate Revocable Living Trusts. ... Beneficiary Deeds. ... Transfer-on-Death (TOD) Designations. ... Payable-on-Death (POD) Designations. ... Beneficiary Bill of Sale / Beneficiary Transfer Instrument. ... Joint Titling of Property.