Probate is a process of estate settlement in court. It is a process in which a will is proved in a law court to see if they are valid and true enough to be approved and implemented.
Probate follows a legal process where your estate plans or last Will is verified in a probate court, before distribution of your assets and properties according to the will. Depending on some factors — such as the state laws binding your locality — the probate process can be quite complex and demanding.
The Probate Attorney Rockland will help
- Write your wills according to Rockland laws. State laws rules over what can be included in estate plan documents such as will.
- Evaluate your estate. While planning your estate, it is expected that you evaluate your assets and properties. With the help of probate attorney, you can start planning your estate.
- Payment of estate debts, bills and expenses. This is important as each and every asset must be accounted for, and the monetary worth of the estate established. Out of these assets, bills, taxes and debts will have to be paid before the remnant is distributed to every beneficiary.
- Prepare other estate planning documents such as living trust, power of attorney and advance medical directives. With living trust, you can decide who takes over plans of your estate, make financial decisions over your assets both while you are alive or dead as well as when you become mentally incapacitated.
- Distribution of estate assets to the beneficiaries.
- The Probate attorney Rockland may also act as the estate administrator or executor in the absence of a valid Will.
Why You Need a Probate attorney
As A Beneficiary
A Probate lawyer can be hired by the beneficiary of a will, to offer advice and guidance in legal matters presented to him/her by the executor of the will. This may happen if the beneficiary and executor are not very familiar with each other. The executor may need to prove that the deceased did not sign the will under duress, most likely in the hands of the purported beneficiary. If you’re the beneficiary, then there is need to hire a Probate attorney Rockland for legal guidance as the will must have to pass through validation (probate) in a law court.
Payment of estate debts, bills and expenses. This is important as each and every asset must be accounted for, and the monetary worth of the estate established. Out of these assets, bills, taxes and debts will have to be paid before the remnant is distributed to every beneficiary.
As An Elderly, Preparing for the Inevitable and making estate plans
Probate–as the legal process by which your estate and assets are distributed at the event of your passing away–is a tedious process. Your assets must first be evaluated to see if they’re worth distributing according to the statement of your will, just as much as your debts need to be paid.
Prepare other estate planning documents such as living trust, power of attorney and advance medical directives. With living trust, you can decide who takes over plans of your estate, make financial decisions over your assets both while you are alive or dead as well as when you become mentally incapacitated.
Estate plan document includes:
Last Will and testament
A will based estate plan holds a detailed list of instructions as to how your property should be shared after you die.
Trust
Trust are essential when planning your estate. Through trust, you can have anyone whom you solely desire manage and make financial decisions over your assets both while you are alive or dead as well as when you become mentally incapacitated.
Advance medical directive
Through an advance medical directive also known as a medical power of attorney, you get to designate a health agent to make medical decisions when you are unable to do so.
Financial power of attorney
Through this, you can protect your finances and assets through the financial power of attorney. This documents allows you delegate to the person your choice the ability to manage your assets and make important decisions should you become mentally incapable.
To prevent cases of invalid will or intestate estates, where your estate are share just anyway in which the state see it, you need to plan your will.
No matter the financial or medical situation you are in today, contact a probate attorney Rockland to help you through the process of writing your will and obtaining other estate document to prevent probate.