3 Reasons To Hire A Probate Lawyer
A probate lawyer can be one of the most useful resources at your disposal if you are attempting to handle an estate for a friend, loved one, or client that has passed away, mostly due to the fact that he or she will be able to help you deal with the variety of potential legal issues that can come up. Listed below are three reasons to hire a probate lawyer.
Assist With Will Disputes
One of the biggest reasons to hire a probate lawyer is because he or she can help you deal with potential will disputes as a result of family members of the deceased bickering over who gets what in the estate. The reason that you will want assistance to deal with the will disputes is that the last thing that you want is for the issues to go to court because they can end up draining a lot of funds from the estate and result in every one of the beneficiaries ending up with quite a bit less money. One way that a probate lawyer may be able to assist you is by sitting down all of the beneficiaries and trying to come up with some kind of deal between the beneficiaries that can result in the will not being contested, such as getting the individuals to agree to share some of the property or to sell a disputed piece of property and split the proceeds.
Assist With Paying Debts
Another reason to hire a probate lawyer to assist you with an estate is the fact that he or she can help you figure out how to pay the debts of the estate. This is especially important if it turns out that there is not enough money or assets in the estate to actually cover all of the debts left behind. In that situation, you will need assistance when it comes to determining which creditors get their money because the government actually does have laws and regulations relating to exactly which creditors get priority over the rest.
Assist With Business Assets
Finally, you will want to hire a probate lawyer if it turns out that parts of the estate are actually business or company assets. The reason you will need assistance with this is that some of those business or company assets could actually end up being the property of any business partners that the deceased person may have had or you may need assistance properly appraising the commercial or business items so that you can accurately report to the IRS exactly how much the estate was worth for tax purposes.
Make an appointment with the probate lawyer today in order to discuss how he or she may be able to assist you when it comes to dealing with possible estate issues.