Going through the Washington probate process while mourning the loss of a loved one is a tall task. Reach out to Rockpoint Probate Funding to find out how we can make the process easier for you and your family.
The Washington Probate Process
If a loved one created a will before their passing, you and your family might assume you can begin distributing the assets listed in it immediately. If you do this, it can cause legal complications since many families must endure the Washington probate process first.
The probate process in Washington is designed to help families carry out asset distribution without worrying about t. It can also help you avoid dishing out a loved one’s assets before clearing any outstanding debts. Discover more about how the probate process in Washington plays out below.
Does Washington Require Probate?
Washington does require many families to go through the probate process when executing wills. If your loved one left behind an estate worth over $100,000 or if it included any real estate, your family will have no choice but to navigate the Washington probate process.
The only time your family might not be forced to file probate paperwork following the death of a loved one is when their estate is worth less than $100,000. In this case, Washington will consider it a small estate under Title 11, Chapter 62 of the Revised Code of Washington. You can fill out a small estate affidavit and file it instead of going through probate.
How Long Do I Have To File Probate in Washington?
If your family has to go through the Washington probate process, you won’t have long to kickstart it. Washington gives families 40 days to file probate paperwork following the deaths of loved ones.
Not filing probate within 40 days could lead to intestate succession laws applying to your loved one’s will. These laws allow the state to begin distributing them according to specific guidelines.
How Does the Washington Probate Process Work?
Filing probate paperwork is the first of many steps you’ll need to take when going through the probate process in Washington. After the executor named in your loved one’s will turns in a probate petition, your family must work through the following steps:
- Creating an official estate for a loved one
- Notifying a loved one’s heirs and creditors of their death
- Gathering a loved one’s assets and appraisals for them
- Coming up with a list of a loved one’s debts and paying off creditors
- Distributing a loved one’s assets and closing their estate
While all this is happening, you and your family must attend probate hearings and potentially settle disputes over certain aspects of your loved one’s will.
How Long Does the Probate Process Take in Washington?
Predicting how long the Washington probate process will take is almost impossible since many factors can impact it. The size of your loved one’s estate, the assets your loved one left behind, and even the closeness of your family can all affect the length of the probate process.
If your loved one had a relatively small estate and your family doesn’t go through any disputes while distributing assets, you might find the probate process will only last for a few months. If, on the other hand, your loved one left a large estate and a mountain of debt, the process could drag out over several years.
Can I Avoid Probate in Washington?
You can avoid probate in Washington if your loved one took the time to create a living trust during estate planning. This type of trust is useful when families are desperate to steer clear of the Washington probate process.
A living trust may contain bank accounts, life insurance policies, and other assets that will automatically transfer to your loved one’s designated beneficiaries when they die.
What Happens If My Loved One Dies in Washington With No Will?
If your loved one dies in Washington without a will, you might not think the probate process applies to you. But this is one of the instances when it’ll be extremely important to go through this process while following Washington’s intestate succession laws.
These laws, found in Title 11, Chapter 11 of the Revised Code of Washington, lay out the order in which the state will distribute your loved one’s assets if they don’t have a will dictating where they wanted them to go. This is the distribution model the state uses:
- Spouse or domestic partner
- Children
- Parents
- Grandparents
Washington also differentiates between separate and community property when distributing assets. A spouse or domestic partner can collect all community property but must share separate property with other family members.
Can I Access an Inheritance in Washington Before the End of the Probate Process?
If you happen to be the executor of a loved one’s will, you might collect an inheritance from a deceased family member along with executor compensation. Since executors have such difficult jobs, some families choose to pay them for their time and effort.
But even if you stand to receive an inheritance and compensation, you won’t lay a hand on it until the Washington probate process ends. Rockpoint Probate Funding can help you in the meantime by providing you with a probate cash advance. Simply follow these steps to see if you qualify for one:
- Schedule a free consultation with us.
- Provide us with a loved one’s will and probate paperwork.
- Receive a probate cash advance within about 24 hours if qualified.
From there, you won’t have to worry about repaying us until your inheritance arrives.
Find Out How Rockpoint Probate Funding Can Make the Washington Probate Process Less Complicated
Even in its simplest form, the Washington probate process can make a tough time even tougher for many families. Allow Rockpoint Probate Funding to assist you financially by providing a probate cash advance. Learn more about our cash advances by calling (888) 263-8588 today to see whether or not this option suits your circumstances.
