What is Probate?
Probate is the judicial procedure that follows a person’s death. If no will is available, or even if there is a will, this process is employed to decide who should receive the deceased’s properties and how much they should be worth.
The following is a list of what the probate process entails:
- Validating the will of a deceased person
- Appointing an executor, administrator, or delegate
- Determining the value of the estate’s properties
- Taking care of any inheritance taxes and debts that might be due
- Identifying and distributing properties to all successors
What Does a Probate Attorney Do?
Lewisville estate planning attorneys are lawful agents, licensed by the state, who guide the executor of a deceased individual’s property or other heirs. Their daily duties will differ significantly based on the state’s probate laws and if the deceased left a will.
During the probate proceedings, a probate attorney in Lewisville Texas can help with a number of tasks. They will assist in locating and securing probate properties, as well as obtaining appraisals on all the deceased person’s assets. They will also make sure that any paperwork that the probate court requires is filed properly and on time.
Probate attorneys help with paying off the deceased person’s debts, as well as keeping on top of the property’s bank statements. They will also take care of paying any applicable estate and inheritance taxes, as well as ensuring that any income tax problems are resolved, as well as beneficiary disputes, wealth allocation, and estate sales.
When Do You Need the Services of a Probate Attorney?
As the relative of a deceased, you may discover that the estate is insufficient to cover all legal obligations, from taxes to burial expenses. There are also many complications that could arise with the will and especially if the deceased does not have a will. No matter the circumstance, if you have lost a loved one and find the probate proceedings challenging, a Lewisville probate attorney can help you navigate the process smoothly.