Estate Administration
If there is a Will, this must be filed
with the Court within thirty (30) days from the date of death.
The majority of estates will come under the informal procedures. There
are no Notices required or Hearings unless demanded by an interested
party pursuant to South Carolina Code of Laws, § 62-3-204
(1976, as amended).
Formal proceedings are contested matters such as objections to
appointments of personal representatives, will contests, lost or
destroyed will and declaratory judgements on intestacy. Formal
proceedings require Notices to all interested parties and a Hearing.
Formal proceedings must be commenced within the later of eight months
from informal probate or one year from the decedent's death.
A Part 5 Administration happens only under rare circumstances where
close supervision and continuing authority by the Court is necessary for
the protection of interested parties.
A Small Estate Administration occurs when the decedent's estate less
liens and encumbrances does not exceed ten thousand dollars. This cannot
take place until thirty (30) days after death. The death certificate and
a copy of the funeral bill must be furnished to the Court.
Under a Small Summary Administration the appointment of a Personal
Representative is made. An Inventory and Appraisement must be filed with
the Court. If the total assets that pass through the estate wherever
located, and liens and encumbrances are less than ten thousand dollars,
the Personal Representative, after giving notice to creditors, may
immediately disburse and distribute the estate to the entitled persons.
A verified statement to close and a full account in writing must be
filed with the Court and copied served on all distributees and creditors
whose claims are neither paid nor barred.