Closing an Estate in Virginia
The probate and estate administration attorneys of the northern Virginia law firm of Hale Ball Carlson Baumgartner Murphy, PLC offer legal guidance to the executors—also referred to as the personal representatives—of estates in northern Virginia. We are a full-service law firm that handles all phases of the probate process. Many personal representatives find themselves overwhelmed by the laws and requirements that accompany the position that they occupy. Among their chief concerns is knowing when the estate will close and what must be done to bring a conclusion to the business of settling the estate. If you are the executor of an estate in northern Virginia, our probate lawyers can take you through the process step by step. Contact our Fairfax office at your earliest convenience.
Closing an Estate in Virginia
Before an estate is properly completed or closed in the commonwealth of Virginia, the Commissioner of Accounts must be certain that you have satisfied all of the requirements and obligations. This means that all creditor claims against the estate must be settled or dismissed, estate taxes must be paid, and the remaining assets must be distributed to the beneficiaries. In order for the Commissioner of Accounts to allow an estate to be closed, the personal representative must produce a Final Account of the estate.
The Final Account must show:
- All assets have been distributed to the beneficiaries and the balance of the account is zero
- The distribution of the assets to the beneficiaries was in conformance with the will. If there was no will, the distribution must have been made in accordance with Virginia law.
If all conditions have been satisfied, the Commissioner of Accounts will allow the estate to be closed.
Full-Service Estate Planning and Probate Law firm of Northern Virginia
The probate and estate administration lawyers of Hale Ball Carlson Baumgartner Murphy, PLC have handled the probate process for estates where they had been integral in the planning, and those estates where other firms prepared the wills but were not selected to assist with the probate process, and where the principal died intestate (without a will). If you are the executor of an estate, you are going to require legal advice upon which you can rely. Our professional and knowledgeable legal team can provide you with advice that can help minimize the estate’s tax liability, reduce payments to creditors, and accelerate the estate through the probate process. Contact our Fairfax, VA office online or at 1-703-591-4900 to schedule an appointment.
Since 1980 the AV-rated law firm of Hale Ball has served the legal needs of individuals and businesses. Our team of attorneys include lawyers named to Super Lawyer and Rising Star lists, as well as attorneys with advanced legal degrees, specialty certifications and lawyers who teach their areas of practice to other lawyers.
Use the contact form on this page to schedule a consultation, or call 703-591-4900.
The transmission and receipt of information contained on this website, in whole or in part, or communication with the Hale Ball via the Internet or e-mail through this website does not constitute or create a lawyer-client relationship between this firm and any recipient.
10511 Judicial Dr
Fairfax, VA 22030