Grieving over the death of a loved one is always a difficult experience. However, if you have been appointed the Executor of a loved one’s estate, this means they are counting on you to concentrate on the legal steps you should take while you are grieving. Thankfully, you can work with a probate lawyer to help you with probate estate administration and other duties as an Executor. Here’s why you should partner with an attorney:
They Have the Experience and Resources
A lot of state and federal laws that govern probate should be considered during the process. As the Executor, you must abide by these laws. Additionally, if your loved one’s estate has complex or valuable assets, you need to involve a team of experts during the probate process. The team might be composed of an appraiser, an accountant, a real estate professional or financial advisor, and a lawyer who has the necessary resources.
They Can Help You Avoid Making Mistakes
If it is your first time to fulfill duties as Executor, you may easily make costly mistakes. These include not valuing assets accurately, missing assets, miscalculating taxes, and not notifying creditors properly. When you make mistakes during the probate process, it could cost your loved one’s estate a significant amount of money and time. However, you can avoid making these mistakes when you have a probate attorney guiding you.
They Can Help You Defend the Estate from Challenges
Litigation can happen during the probate of your loved one’s estate. And a challenge can arise even if the estate is not especially valuable. The designated beneficiaries and heirs may not agree to what is stipulated in the will. Additionally, estate creditors may challenge a claim denial. Being the Executor, you must defend the estate from any challenges. Your probate attorney can help by acting as a buffer to prevent family conflicts that can last a long time or even permanently.
They Can Properly Administer the Estate
Generally, the probate of a valuable estate can take time. While you manage your own family affairs and career, it may not be easy to devote the attention and time required to probate your loved one’s estate properly. Additionally, it can be frustrating to navigate the legal system after you lost a loved one. By hiring a probate attorney, you may be able to get rid of this frustration as they assist you in handling the legal matters and give you appropriate advice.