Any lawyer can agree on the importance of retaining a probate attorney, but only seasoned probate professionals are truly dedicated to handling your probate estate matters. These are also known as “estate lawyers”. They are also known as estate planning attorneys.
Even relatively minor estate affairs can present additional financial burdens when you are least prepared to deal with them. The probates estate may include your house, car, and all your other property and personal belongings, and these can be a lot to juggle for just one person. Even if your will says that your assets go to your spouse or children, that could turn out to be not the case. Then, there is a possibility that your spouse or children will take all your assets and never pay you a dime. In these circumstances, you may need the help of an estate lawyer who will guide you through the process of getting your property distributed.
Probate estate law differs from state to state, and it also varies from court to court. Most states have a form for this purpose which can be downloaded and printed. In general, this form contains a list of assets to be distributed, the percentage of ownership each owner has in those assets, and how much each owner will receive after the estate is distributed. The probate lawyer will examine this form and will explain to you what you can expect to see and how to proceed.
When you make an appointment with a probates estate lawyer, he or she will review the form, determine your state of residence, and ask for a list of all your assets and their fair market values. Once this information is received, the probates attorney will calculate how much each asset will be worth and how much the person or persons who own it will get from the estate distribution. The probates attorney will then prepare a will stating who will get what assets and who will get nothing. Your attorney will give you a copy of his or her will when the estate attorney prepares it for you.
An estate attorney will also advise you about how to handle any outstanding debts that you may have, as well as the probates estate. Your estate may have included in your mortgage, auto loan payments, credit cards, child support, and more. If all of these items are not paid, it can be taken into account by the probates court, resulting in your assets being divided up among other people. if you have not made your will.
If your probates attorney knows what he or she is doing and you are prepared, you can rest easy knowing that you have the support of a highly trained professional to make sure that everything is handled appropriately, that no one loses your property, that your property is distributed fairly, and that everything goes according to your will. You have a valuable asset, and the probates estate will . . . . . . provide you with a great sense of security.