What Does a Probate Lawyer Do?
Full Answer
These lawyers have knowledge of probate law. Working with them takes away the guesswork and potential for errors, and makes the whole process much faster. Probate lawyers don’t need to be paid by the person who hires them – they’ll be paid from the estate.
Probate lawyers don’t need to be paid by the person who hires them – they’ll be paid from the estate. Still not sure if a probate lawyer is right for you?
When you have a lawyer on board, everything is clear and open, and you’re less likely to run into a situation that leads to a lawsuit.
Without a lawyer, many family members may want to be a part of the probate process, which adds to the conflict and confusion. If you don’t allow them to participate, they might feel like you’re hiding something. But the more people get on board, the more difficult the process becomes.
1. An experienced probate lawyer knows each step of the process and has systems in place to keep your case moving in an expeditious manner. We file all of the required pleadings with the court and ensure that creditors of the estate receive a timely notice to file their claims. In fact, we assist you with every step of the probate process, making sure it is handled correctly and protecting you from personal liability.
In some cases, we are named in the deceased’s will as the executor of the estate. This means that we are paid a fee out of the estate to handle all tasks related to the probate of the will.
A lawyer that regularly practices in probate court knows how to properly organize inventories, accounting sheets, and other probate court forms. Because of this, they speed up the process and reduce the confusion associated with not knowing what goes where. Even if you’re not the best record keeper, a probate lawyer will help you with figuring out the best way to preserve information that is needed for the probate process.
States write probate laws in a dense and difficult to understand language. If you do not know what these laws mean, and more importantly what courts have interpreted these laws to mean, you may be distributing property incorrectly. Sometimes will language is straightforward. Other times, you need additional layers of knowledge if someone passes away without a will or a surviving spouse elects to take against a will. A lawyer helps protect you. He will help you ensure that you protect the legal rights afforded to everyone under Ohio law.
If an estate names you fiduciary, you have a duty to act in the best interest of the estate. In this regard, you must act competently, expeditiously, and properly in performing this duty. If you fail in your duty, you may personally be liable for any damages you cause. With this in mind, having an attorney can ensure that you act properly. If you wouldn’t consider representing yourself in a lawsuit, you also should not consider going at it alone in probate court when administering an estate.
Before assets can be properly distributed to beneficiaries, probate court will require an appraisal be done on the decedent’s property. Since it is likely the executor or administrator will have little idea as to the value of real estate and other assets associated with the estate, this appraisal will also be important in terms of paying estate taxes, since the taxes owed will need to be based on an accurate determination of the property’s value.
Whenever a person dies, it is likely they left behind various unpaid debts. Whether these are medical bills, credit card debt, mortgages, or other bills and debts, these will almost always need to be paid out of proceeds from the estate. However, since it will take a period of time before an estate is properly settled, it may be necessary to work out arrangements with creditors. While you may be able to do this yourself as the estate’s executor or administrator, having a skilled probate attorney working on your behalf will make the task much easier. By having your attorney negotiate payment arrangements with creditors, this can usually give you the time needed to get the estate settled and gain access to the funds required to pay off bills and debts.
Since it is likely the executor or administrator will have little idea as to the value of real estate and other assets associated with the estate, this appraisal will also be important in terms of paying estate taxes, since the taxes owed will need to be based on an accurate determination of the property’s value.
1. You Can Save Time and Avoid Personal Liability. If you are the executor of a will, hiring a probate lawyer can save you from a host of problems. They can help you avoid any errors in identifying and categorizing assets, preparing reports, paying debtors, and distributing assets to the heirs. If you do this on your own, you could make ...
The probate attorney will manage the finances of the estate, take care of all debts, and file all relevant taxes. In the final step, the probate attorney will oversee the distribution of assets to the relevant beneficiaries and heirs.
Probate refers to the process of executing the will of a deceased person and distributing their estate (their home, car, cash-based investments, retirement accounts, land, etc.) as per their wishes.
It can also delay the distribution of assets. As we mentioned when discussing what does a probate lawyer do, they can also oversee other details in the probate process and save you time. There’s no predicting how long this process can take. However, if you have a probate lawyer by your side, you can expect it to complete more quickly.
A probate lawyer can fill out forms correctly, obtain signatures from the parties involved, and file the necessary documents on time. Streamlining these things can also save you from a headache or two. 2. You Can Reduce Costs.
Family members aren’t the only people who can dispute a will. There are other defendants, as well, who can make claims. For instance, lenders and creditors may ask for payment. A probate attorney can investigate all claims and make sure they are valid.
They can submit the deceased’s Last Will and Testament for review and ensure that it aligns with the state’s requirements for a valid will. Once they have submitted the Last Will, they can inform the will’s executor and beneficiaries about the submission.