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Probate is simply the process of getting the financial affairs of a person together and passing the assets on to his/or her beneficiaries.
Generally it is said that probate has 4 parts:
- Collect the assets
- Pay the debts
- Pay the taxes
- Distribute the balance to the heirs or beneficiaries
Our probate will attorneys can help answer all your questions
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Simple things such as a missed deadline, failure to send a copy of the petition to a loved one, or a minor omission, can expose everyone to liability. If you need help with dealing with a loved ones' estate and prevent liability, contact one of our Probate Will Lawyers now.
Keep in mind that although most probate proceedings are short and not very expensive, it is a very good idea to consult an Probate Will Attorney to determine many things. For instance, is a probate proceeding necessary? Does the fiduciary need to be bonded? What reports must be prepared?
A Probate Will Lawyer can also determine the types of property that routinely pass outside of the probate process such as:
- Life insurance or retirement plan proceeds, which pass to a named beneficiary rather than your estate
- Real-estate or bank or brokerage accounts held in joint names with right of survivorship
The death of a family member or a friend sometimes tends to bring out the very worst in some people. In close families there is a tendency to get extremely emotional about somewhat trivial matters at the time of a loved one's death.
Contact a Probate Will Atorney now to receive a professional consultation.
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Facts About Probate Will
