Cibolo, TX Estate Planning Law Firms & Lawyers

Your duties are set by the Code of Iowa and your attorney should be able to discuss these with you. If you have any questions you should contact your attorney before acting because some actions may require Court approval. The Court will ultimately set your fee. However your attorney should be able to give you an idea about the likely amount that you can expect to receive.

Probate is a court ordered process for transferring the assets of a decedent to heirs and making sure creditors are paid. You could do a probate yourself, but given the notices that are required and the limits on what you are supposed to do it would be best to hire a lawyer. The process takes about 5 months if there are no complications. It starts with a petition that includes a death certificate and information about all heirs and beneficiaries. If there is no will, you will almost certainly have to post a bond to be appointed as personal representative. Once the petition is approved by the court, you would be appointed as personal representative and given authority to gather and manage the decedent's assets and pay creditors. You would have to try to locate and send notices to all creditors and file an inventory of the decedent's assets. At the end of the probate, if the court is satisfied that creditors have been paid and there are no unresolved objections, the court would allow the decedent's assets to be distributed to you. If the decedent's assets were not high in value, it is possible to do a simpler small estate affidavit procedure instead of probate.

In theory, it shouldn't, as judgment liens typically don't attach to homestead property. In practice, title companies are reluctant to issue title insurance (required for a reverse) if there are judgments. You might consider trying to settle the judgment lien prior to applying for the reverse.