What You Should Know About Applying For Probate
There are two ways that one can apply for probate and that is through a probate lawyer or applying for probate if one is an executor of a will. The process of applying for probate can be long and complex and it can be better to hire a probate lawyer who is knowledgeable about this matters. In determining who becomes the executor of a will, a probate lawyer may defend a will contest and this will help in determining the executor. When you hire a probate lawyer, they will help in the preparation of documents that are needed in a probate court. They will also file these documents in a timely manner.
A probate lawyer will also get appraisals of the property of the deceased. A probate lawyer normally collects any life insurance proceeds that a deceased person had. They also assist in making payments for all the outstanding debts of a deceased person. A probate lawyer will also handle income tax issues, inheritance taxes, and estate taxes and advice on how this should be paid. A probate lawyer can also act as a mediator between beneficiaries and personal representatives when there are disputes. Sometimes in order to raise funds, it can be necessary to sell estate property and a probate lawyer will help to make these sales.
There needs to be a change of names when properties are transferred to beneficiaries and a probate lawyer can assist with this. Probate lawyers normally go to court to ask for permission when they need to take some actions when handling a probate case. Before beneficiaries can get property, a probate lawyer will ensure that bills are fully settled. After all outstanding debts and taxes have been paid, a probate lawyer will ensure that distribution of assets to beneficiaries is done properly.
If beneficiaries do not know a personal representative well or they do not get along well, they can seek the assistance of a probate lawyer who will help them to see that the estate is handled properly. One can be able to save time when they use a probate lawyer because they are knowledgeable about the legal process and they can make the process a bit shorter. Creditors must be notified about any probate and it is the work of a probate lawyer to notify them of this. When handling the assets of a deceased person, it is important to keep good accounting and a probate lawyer can be able to do this.