Which form should filed with court to commence the probate

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Reference no: EM133654153

Problem: Gilbert dies intestate. His only asset is a large sailboat worth $450,000. Just before his death, Gilbert is in a very serious accident which was his fault. The other driver was killed. Gilbert was sued over the accident and a judgment was entered against him in the amount of 1,500,000. Gilbert also left high credit card debt on five different cards. Why Is a probate necessary? Which form should be filed with the court to commence the probate? Why? Can the estate be administered informally or should it be formal? Explain. Which form should be filed to close the estate? Explain.

Reference no: EM133654153

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