Probate Process in Washington, D.C.
Inheriting a home in Washington, D.C. can be both a wonderful gift and a challenging burden. If you inherited a home, you most likely just lost a loved one. Working your way through the intricacies of probate procedures, federal tax, state tax, and more while dealing with the loss of a loved one is an incredible challenge.
You just inherited a DC property. If you’re like most people, you’re going to have to go through probate. The probate process can be divided into five steps:
Step 1 : Decide Which Probate Administration to Use
Step 2 : File the Will and Obtain Letters of Administration from the Court
Within 90 days of the decedent’s death, file the will with the D.C. Superior Court Probate Division
Step 3 : Assets
Within 3 months of being appointed as personal representative, the representative must compile a list of all assets and send it to all interested parties. Large assets including real estate will likely need to be formally appraised.
Step 4 : Pay Debt and Taxes
All of the decedent’s debts will need to be paid. These debts may include creditor claims, settlement fees, and funeral bills.
All of the decedent’s taxes will also need to be paid. These taxes may include: probate taxes, income taxes (D.C. and Federal), fiduciary taxes (D.C. and Federal), and estate taxes (D.C. and Federal).
Step 5 : Distribute Remaining Assets
The personal representative will be in charge of distributing any remaining assets to