Probate is a legal process that dictates how a deceased person's estate is going to be distributed. The executor who has been named in the deceased's will gathers all the necessary information required for starting and finalizing the probate process. Probate is appropriate for people with significant wealth or where there is a likelihood that some people will contest the deceased's will. Here are some of the services offered by probate attorney services:
Winding up your estate involves a lot of legal work. A probate attorney will be indispensable with regard to gathering and filing all the necessary documents. Any mistake during the process of winding up your estate will result in disputes, and the probate court may distribute your estate. This is one of the reasons you need to hire a probate attorney.
The first important role of your probate attorney is to file the will with the probate court. Your lawyer will also be involved with filing your income tax return and appraising your property. It is also your probate lawyer's duty to order for death certificates.
In many cases, when an estate owner passes on without writing a will or without sufficiently declaring their wishes regarding the estate, there is a high likelihood of disputes. Family members may dispute the will. Where some of the assets have not been allocated to anyone, the family members will try to outdo each other to make their claim on these assets.
Disputes involving estates can take many years to resolve. The expenses and legal fees involved in litigation may also reduce the value of the estate. Hiring probate attorney services will ensure you have addressed all your assets and liabilities. A probate attorney can anticipate areas of contention in your will and offer you legal advice that will minimize disputes upon your demise.
Settling Loans and Liabilities
One of the crucial roles of your probate lawyer is to ensure your estate is free from debt. If you are to pass on without settling your debts, your estate may be taken away from your beneficiaries. Moreover, for huge debts, the liability may be transferred to your family.
A probate attorney ensures that you have filed your tax returns. Your lawyer will also take note of your debts and the deadlines for settling them. Your probate law expert will make sure all debts are paid on time before starting the probate process.
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