What if no notice is provided to a beneficiary? Example would be sibling of decedent tells the probate court that there are no children (even when they know that there are children) and claim they are only beneficiary.
This explanation seems to assume an improperly drafted will and/or a large/complex estate without beneficiaries on death of the assets, and/or a state whose legislature hasn't updated and modernized its processes. Often a timely will can be prepared that addresses and eliminates all these complexities except for assets without beneficiaries upon death. The ownership of assets of a person can be organized to reduce the latter.. A bank account or financial instrument without named beneficiaries can be used to satisfy the debts of the estate after being released through a limited probate. If the account is small, under $50,000 in some states, probate is streamlined. it may not require multiple affidavits just to the probate court, and just one notice to each beneficiary after probate.
