When a person dies, their assets, debts, accounts, and holdings (collectively known as the “estate”) enters a process called probate. Probate is how a court officially “validates” a will and assigns an executor to distribute the decedent’s property. In many cases, the executor is a family member or an attorney of the decedent. Percy Law Group’s probate lawyers in Burlington have helped hundreds of families resolve complex probate issues, helping them move forward quickly and peacefully.
Probate follows 3 basic steps:
However, the process is highly technical and can be far more complex than these steps indicate. For instance, the executor must notify creditors and relatives of probate in a timely manner (allowing them to file a claim against the estate), handle pending lawsuits, handle real estate transactions to facilitate distribution, and resolve any objections to the will itself.
In the worst situations, probate can descend into costly litigation and months of contentious legal battles. Hiring a probate attorney is one of the best ways to protect yourself.
Our attorneys utilize wills, trusts, advanced directives, and other legal tools to secure the future for our clients. Contrary to popular belief, wills and trusts have powerful benefits for people while they’re still alive—not just for beneficiaries after they die. Wills and trusts ensure that a person’s assets have maximum protection from litigation, creditors, and taxes. They also ensure that a person’s estate is utilized correctly if he or she is rendered unable to make financial decisions.
This ensures that your estate is actually used and preserved according to your wishes. The use of a trust, for example, allows your assets to be placed into a legal structure that is immune from any claims made against you personally. If you want to ensure that the family home stays in the family, your trust can keep your home from being sold under certain circumstances after you die. Good estate planning can also prevent lengthy litigation during probate.
To learn how a customized estate planning arrangement can serve you and your family, call our Burlington estate planning lawyers today. Contact us at (781) 916-9665 for a free consultation!
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