When representing an executor, the will and estate lawyers assist in locating and securing probate and non probate assets. They collect and obtain date of death values and estimates of all of the deceased person’s property and life insurance proceedings. They also advise regarding any outstanding payments of the person’s final bills and debts. They are also responsible in keeping track of the estate’s checking account.
They also address income tax issues, along with any overdue estate and gift taxes, and find a way to pay off these taxes. Estate lawyers also settle disputes among Personal Representatives and beneficiaries. Along with filing and preparing any documents required by the probate court, attorneys also seek permission from court for miscellaneous actions as required by the state probate laws. They are also tasked with the retitling of the assets to the names of the estate beneficiaries, as well as assisting with the sale of the property.
Estate Planning refers to the process of organising your estate or property in preparation for crisis periods such as your expected or unexpected death. Family provision firm assist in the process of choosing beneficiaries and planning for a secure future and care of your children.
Will and estate lawyers are always at service and some even charge very low or no consultancy fees and carry on a well chalked out preliminary assessment without much obligation to the client. For an out-of-court settlement, they offer to serve as mediators as well, which many of the clients may find quite a relief for not many want to get into the hassles of courtroom and police investigation.