As the old saying goes, “you can’t take it with you.” When a loved one passes on, someone must deal with their estate, and that often means enlisting the help of a probate law firm. These firms handle all legal procedures related to settling the deceased person’s assets and properties. They also ensure that all taxes and debts are paid. The firm also helps executors or administrators carry out their fiduciary duties.
The Role of Probate Attorneys in Will Contests and Disputes
Probate attorneys can assist clients with estate planning, including setting up trusts to protect assets, reduce taxes, and ensure proper distribution of wealth after death. They can also locate heirs and beneficiaries, help with the distribution of property, and resolve disputes. They may also work on real estate and mortgage cases. Their legal fees depend on the complexity of the case and its location.
A New York City firm, Khalsa Law Group, guides individuals or executors in distributing the estate or assets of their deceased relatives. Its attorneys help with the probate process by filing petitions in the court, locating and valuing property, appointing beneficiaries or heirs, and providing notice to creditors. They can also help with estate tax preparation, pet planning, blended families protection, and other estate matters.
A probate attorney can be involved in a wide range of cases and circumstances, from the simple to the complex. They can also advise on how best to preserve a client’s privacy, as well as how to avoid probate when possible. They can also help with obtaining life insurance policies, dealing with income tax implications, and working to retitle legal documents.