When someone passes away, their estate may go through the process of probate. The probate process includes settling any debts and distributing the assets to the heirs. This can be complicated and time-consuming, so it's important to have an experienced probate lawyer on your side. Here are five reasons why you need the services of a probate lawyer as an estate administrator:
1. To settle the deceased person's debts
If the deceased person had any outstanding debts, then these will need to be paid off as part of the probate process. A probate lawyer can help you to identify and contact any creditors, as well as negotiate payment terms on your behalf. As such, if you are facing the prospect of settling a loved one's debts, then it is advisable to seek professional legal advice.
2. To file the necessary paperwork with the court
A probate lawyer can help you file the necessary paperwork with the court, as well as deal with any claims or challenges that may arise. In addition, a probate lawyer can help you navigate the often complex laws surrounding estate planning and inheritance. By working with a probate lawyer, you can give yourself the peace of mind of knowing that your loved one's final wishes will be carried out according to their wishes.
3. To distribute the assets of the estate
Distribution of the assets can be a complex and time-consuming process, so it is important to have a probate lawyer on your side to help with this. A probate lawyer can assist you in identifying and valuing the assets of the estate and distributing them according to the terms of the will or trust. They can also help to resolve any disputes that may arise between heirs regarding the distribution of assets.
4. To deal with tax issues
Another reason why you may need the services of a probate lawyer is to deal with any tax issues that may arise as part of the probate process. A probate lawyer can help you to determine what taxes are owed on the estate and can assist with the preparation and filing of any tax returns. They can also help to resolve any disputes that may arise between the IRS and the estate administrator.
5. To protect your interests as an estate administrator
As an estate administrator, you have a fiduciary responsibility to act in the best interests of the deceased person's heirs. A probate lawyer can help you to fulfill this responsibility by providing advice and guidance on all aspects of the probate process. They can also represent your interests in court if necessary. By working with a probate lawyer, you can ensure that your loved one's final wishes are carried out and that their heirs are protected.
Contact a probate lawyer to learn more.
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