What is the process for inventorying and distributing estate assets among multiple heirs in Connecticut? | Connecticut Probate | FastCounsel
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What is the process for inventorying and distributing estate assets among multiple heirs in Connecticut?

Disclaimer: This article is for informational purposes only and does not constitute legal advice. Always consult a qualified attorney for guidance on your specific situation.

Detailed Answer

When a person dies owning assets in Connecticut and names multiple heirs (or dies without a will), the probate process ensures fair inventory and distribution. Below is an overview of the steps under Connecticut law.

  1. Open the Probate Estate
    • File a petition for probate or administration in the Probate Court where the decedent lived.
    • The court appoints an executor (named in the will) or an administrator (if no will).
  2. Secure and Identify Assets
    • Locate bank accounts, real estate, personal property, investments, and digital assets.
    • Change locks or secure premises as needed to protect property.
  3. Appoint an Appraiser
    • Under Conn. Gen. Stat. §45a-257, the fiduciary (executor/administrator) asks the court to appoint one or more appraisers to determine fair market values of assets: https://www.cga.ct.gov/current/pub/chap_815p.htm#sec_45a-257
  4. Prepare and File the Inventory
    • The fiduciary lists each asset and its appraised value on the official inventory form.
    • File the inventory with the Probate Court within 60 days of appointment, per Conn. Gen. Stat. §45a-255: https://www.cga.ct.gov/current/pub/chap_815p.htm#sec_45a-255
  5. Settle Debts and Taxes
    • Notify known creditors and pay valid claims.
    • File the final estate tax return and pay any estate or inheritance tax.
  6. Prepare for Distribution
    • If a valid will exists, follow its terms.
    • For intestate estates, follow Connecticut’s default distribution rules under Conn. Gen. Stat. §45a-436: https://www.cga.ct.gov/current/pub/chap_815p.htm#sec_45a-436
  7. Petition for Distribution
    • Submit a written petition to the Probate Court requesting approval of the proposed distribution plan.
    • Include a certificate showing all debts, expenses, and taxes have been paid.
  8. Court Approval and Transfer
    • The judge reviews the petition and issues an order of distribution.
    • Transfer legal title of real estate via deed; arrange transfer of bank and investment accounts; deliver personal property.

Hypothetical Example: Jane Doe dies owning a home, savings account, and family heirlooms. She names her two children as co-heirs. The appointed executor hires an appraiser, inventories each asset, pays funeral expenses and outstanding debts, then petitions the Probate Court. The court approves distribution: the home sells, proceeds split equally; the savings account transfers equally; heirlooms pass as directed in her will.

Helpful Hints

  • Start the probate process promptly to avoid late‐filing penalties.
  • Keep detailed records of asset values and disbursements.
  • Notify all potential heirs early to reduce conflicts.
  • Consider mediation for disputes over appraisals or distribution shares.
  • Work with a probate clerk to confirm filing deadlines and form requirements.

The information on this site is for general informational purposes only, may be outdated, and is not legal advice; do not rely on it without consulting your own attorney.