If a loved one recently passed away, then the distribution of assets happens according to state laws and the directives listed in their will and estate plan. It can be challenging for families to navigate the legal details, which is why you should consider hiring a lawyer to guide you through each stage of probate.
Probate Lawyer: What You Need to Know
What is a probate lawyer? This provider is a licensed attorney who specializes in estate law, working with beneficiaries and executors of the estate. The purpose is to settle the affairs after a person passes away.
In fact, it can be beneficial to hire a probate attorney before a person passes away. In some cases, it might be possible to minimize probate through estate planning – putting the person’s assets in a trust. This trust is designed to facilitate a transfer of property without the requirement of going through complicated legal and court proceedings.
Things a Probate Lawyer Can Do
The benefit of hiring a probate lawyer is that they can personalize available services based on each family’s unique needs. Here is an overview of some of the things a probate lawyer might be able to help with:
· Identifying assets to include in a trust
· Securing assets to maximize benefits for heirs
· Collecting life insurance payouts
· Strategies for managing an inheritance or estate taxes
· Addressing income tax issues
· Overseeing the final disbursement of assets
· Accessing appraisal information for real property
· Managing financial accounts, including the checking account, debts, and bills
· Transferring the assets from the trust to beneficiaries
Is It Time to Hire a Probate Lawyer?
Going through probate can be a stressful process, which is why it’s wise to be proactive about minimizing the stress of court proceedings. In addition, you never know what the future will hold, which is why it’s smart to hire a probate attorney as soon as possible.
The truth is that it’s never too early to hire an attorney to help with probate. Whether you need assistance with current probate proceedings or you want to reduce the stress of probate in the future, our team is here to help.
Call Miles & Hatcher, LLP when you are ready to schedule a complimentary consultation: (909) 481-4080.