Howdy! I'm Dan Smith and I live with my wonderful family in Perth. This is my legal blog which aims to look at every part of the legal system. I should point out that i'm not a lawyer myself. However, my good friend Stan has been representing people in court for many years. I find Stan's work fascinating and I love asking him questions. I have even done a bit of my own research into the legal system. I decided to pull everything together here so I could organise my thoughts while also providing useful info for others. Thanks for checking out my blog!
One of the most challenging things a family can be forced to deal with is the death of their loved ones. Family members need to grieve, but issues like property inheritance may also arise, especially if the one who passed on was a parent or in charge of the family estate or businesses. For this reason, it's essential to prepare adequately in advance to prevent such issues at a critical time as this. Even if you already wrote a will, the executor and beneficiaries often face challenges when transferring the estate because the probate process is complex. This is the reason most people choose to assign a deceased estate lawyer to work on the probate procedure. Here are the reasons why it's crucial to get a probate attorney.
Distributing the deceased estate
Usually, the distribution of a deceased's property must be supervised by the standard and legislative law authorities. The deceased's intention is highly valued during the distribution of their property. However, if the will is contested and declared void, or someone passes on before they could create a will, their property gets distributed as per the law (family provisions). The deceased estate lawyer helps in the distribution of the properties and funds amongst the immediate family members (kids, spouse). Later on, the attorney may also consider other relatives.
Settling issues between the heirs
Beneficiaries may have complaints or varied opinions on sharing the property, so it's advisable to hire a deceased estate lawyer. The attorney will take time to evaluate the will (if any) and say what everyone should get as an inheritance. Even if your loved one had not drafted a will, the attorney will come up with a strategic plan that will ensure everyone in the family is covered.
Managing wealth
In case the deceased owned a large company or estate, it is essential to make sure that daily operations run normally before the heirs take over. It is the responsibility of a deceased estate attorney to design a management plan on how wealth will be managed effectively. The lawyer will outline all the assets and properties the deceased had like houses, companies, bonds, stocks, etc., then assist the beneficiaries in knowing how they can continue benefiting from the wealth and grow it even more.
If the property is subject to taxes, the attorney will offer guidance and ensure the payments are made before anyone can inherit the property. The deceased's personal debts should also be paid during this time.
Share23 December 2019
