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3 Cards in this Set
- Front
- Back
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Generally
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South Carolina probate code governs the distribution of property of a decedent's estate to heirs, devisees, and creditors.
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Function of probate
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Essentially a title clearing function to transfer title from decedent's estate to proper parties.
Clear probate proeprty held by a decedent, determine debts and taxes and pay them before final distribution to heirs or devisees. Everything is handled by a fiduciary known as the Personal Representative. |
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Typical timeline
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Typically about 1 year to probate from opening of estate to closing.
Time 0 - publication (estate is open) and appointment of Personal Representative 30 Days - heirs and devisees receive notice - PR sends notice to everyone that estate is open 90 days - inventory and appraisement due - PR files inventory of assets and liabilities |
