Does an Estate Need Probate if the Decedent Didn’t Have a Lot of Money?

Yes. Even if your loved one wasn’t rich, his or her debts and taxes must be paid before any remaining assets are distributed.

Otherwise, creditors and the IRS may try to recover their claim, and they have the right to pursue anyone who received the decedent’s money or property.

It’s a lot less costly and risky to open an estate and administer it properly in the first place.