When a loved one dies, it can be a difficult time for the entire family. While the emotional toll happens and can be difficult to deal with, you'll need to be sure that you handle business accordingly. The last thing you would want is to have you and your family members arguing over the inheritance of your loved one. To make sure that this doesn't happen, give yourself the help that you need by embracing and understanding probate law. This guide will help you out in that regard.
What is exactly is probate law and how will it affect me?
Probate law is the situation that you will deal with when your loved one dies. It allows you to properly distribute the estate to relatives in a way that is meaningful and organized. Throughout the process, those involved will validate your loved one's will, appraise any and all property, handle the allocation of all taxes and debt, and make sure that property is distributed in the proper manner. With this process, you will need the help of a probate attorney who can look out for you. The quality of attorney that you hire will give you the service that you need.
How will the probate process be advantageous to me?
Undergoing the probate process will help you out in a number of ways. For one, it takes any questions out of how the will should be executed. Further, it does away with encumbrances to the state and you'll have a streamlined process to understand how much tax you'll owe and how it will be handled. Taking the guess work out of the process allows you and your family to grieve, rather than get bogged down with the business end of things.
What is the cost of hiring a probate attorney?
When going through the probate process, you will need to get an idea of how much you'll pay. Get your attorney's fees in writing, as some charge by the hour and others have different fee plans. Typically, you might expect to pay at least $200 per hour. If the attorney charges flat fees, you will need to understand exactly what items and circumstances are billable, and should get a quote in writing prior to signing a contract. Shopping around between attorneys will be helpful to getting you the fee structure that you can deal with.
Use these tips to your advantage, and touch base with a probate lawyer who can help you out. Contact a firm such as Gruber & Associates, PC for more information.