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Hi I've got a very important topic I want to talk to you about today in Georgia probate law and that's the three phases that every estate is going to go through and in talking about this we'll be able to talk about an overview of how estates work in general from the very beginning when we open the estate to the very end when we're closing the estate because everything is settled and finished my name is Eric Brawl I'm the founder and CEO of Georgia probate law group we're a law firm, and we focus exclusively on helping families after the loss of a loved one sometimes that means we're helping in peaceful situations where our main goal is to make sure that everything is done correctly and properly in the estate settled right, or we also help in situations that are less peaceful where there may be a dispute or litigation over in a state and Trust matter but let's jump into our topic for today so today as I said we're gonna talk about the three phases that every estate goes through so to start with we're going to draw a representation of our estate up here, and then we'll put our first phase in which is the appointment phase and so in the appointment phase our main goal is to get someone appointed who's able to represent the estate and act on behalf of the estate we call that person an executor if there's a will, and we call that person an administrator if there's not a will so to get that person appointed we need to file a petition with the probate court and that petition is going to have a number of disclosures that we have to make, and we may need to file some additional attachments with it when we're in this phase there are three things that I'm primarily concerned about where we can make a difference in how the overall estate process goes we can make a difference in how expensive it is and how involved it is and how long it takes those three things are we required to file a bond are we required to file inventories and are we going to have expanded powers or are we going to have limited powers for our executor and our administrator if we have to file a bond if we have to file inventories if we have limited powers that means that this process is going to be more expensive, and it's going to take long, and it's going to be more involved because we're going to have to be going to court more frequently if on the other hand we're able to waive bond we're able to waive inventories, and we're able to get expanded powers that means the process is going to take less time be less involved and less expensive because we only have to go to court once at the beginning to open the estate and once at the end to close the estate, and we don't have to file a tedious inventory or go pay for a bomb so if everyone's on the same page that's the way we prefer to do it we filed our petition we either have asked for those waivers or we haven't, and now we've gotten a document back from the court called letters testamentary or letters of administration that's actually a...
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