A probate lawyer is the particular type of legal expert that handles estates and the lengthy administration process following the death of an individual. In some cases, probate lawyers also act as the executor or administrator of an individual’s estate after their death if the individual has not assigned anyone else.
Probate lawyers are also referred to as estate planning lawyers because these professionals also assist with the time-consuming process of estate planning. They help with matters like drafting wills, setting up trusts, and determining powers of attorney.
But what are the reasons you might need to hire this type of lawyer?
Table of Contents
Avoid Family Conflicts
It’s a sad fact of life that previously tight-knit families have often been torn apart in the event of a death. Emotions are, unfortunately, at an all-time high, and if there’s an estate to be separated, conflicts can quickly arise.
Some family members might feel entitled to more of the estate, while others might worry they have been left out entirely.
Instead of entering into these conflicts or leaving them to fester and tear apart your family, it’s wise to consult a probate attorney for assistance.
Prevent Legal Claims Against The Estate
It’s also possible that conflicts lead to claims against the estate. Unfortunately, these situations can be even more upsetting for family members mourning the death of a loved one.
Relying on a probate lawyer during this time means the number of self-enriching claims against the estate will decrease. The lawyer will clarify that no one can touch the estate for self-fulfilling reasons.
Resolve Debts To The Estate
It’s pretty standard for an individual to pass and leave some debts behind. In this situation, the estate must cover the debts owed to creditors. The executor is responsible for clearing any debts before the beneficiaries’ assets and wealth are divided.
But because resolving someone else’s debts can be tricky and confusing, it’s best to rely on a probate attorney to avoid accidentally underpaying or even overpaying.
Save Money
Failing to administer an estate successfully can lead to numerous costs. Should anyone decide to make a claim against you as the executor for not properly executing the division of the estate, you’ll be responsible for lawyer fees and even fines.
Therefore, the costs of hiring a probate lawyer will ensure you save in the long run.
Save Time
The administration process of splitting up an estate can be pretty time-consuming. Unfortunately, there are also deadlines along the way, so you’ll need to know what you’re doing to avoid fines and other legal issues.
Relying on a probate lawyer is the best way to speed up the process and ensure that you aren’t missing any deadlines.
Losing a loved one is a heartbreaking, stressful, and emotional experience. The stages of grief become relevant, and you’ll need time to mourn. So, if you’ve been allocated the executor of a will or fear that there is no designated executor after the passing of a loved one, it’s best to consult a probate attorney right away.
Featured Photo by RODNAE Productions: https://www.pexels.com
