In Charge Of An Estate? Why You Should Hire A Probate Attorney
If you've been named as the executor of an estate, you have quite a responsibility on your hands. You must not only handle any debts that weren't taken care of while the deceased person was living, but you must also make sure that all beneficiaries receive the money and belongings that are due to them. Although you may think that you can deal with these tasks alone, it may be a better idea to hire an attorney. Use this information to learn more about why a probate attorney is absolutely essential when you've been put in charge of an estate.
A Beneficiary May Challenge The Will
The main reason why you should hire a probate attorney is because it's possible for a beneficiary to contest the will. If this happens, it could tie the estate up in a lengthy court battle for months, or even years.
For example, the departed may have a child who feels that they should have been the recipient of a larger portion of the estate than they were given. They may become so disgruntled that they decide to file a lawsuit against the estate. At this point, you may not know how to proceed and may feel an incredible amount of anxiety and frustration surrounding the entire matter.
That's why you should work with a probate attorney. These legal professionals know how to draw up the right paperwork and get each of the beneficiaries to sign off on it as soon as possible. This helps to minimize the chances that someone will file suit against the estate. Also, once the documents have been signed, it will be easier to get a lawsuit thrown out of court should one arise.
Probate Attorneys Help You Find Hidden Assets
Another reason why you should hire a probate attorney is because they help you find hidden assets. This is important, because there may be assets out there that are not specifically listed in the will.
Bank accounts that were opened long ago and even pieces of property in other states are just a few of the assets that you need to know about. Probate attorneys work with investigators who can unearth these types of things so that the estate will be as comprehensive as possible.
Hiring a probate attorney could prove to be a very wise decision. Don't wait; contact a probate lawyer today so you can benefit from their amazing skills and knowledge.