A family that loses a loved one goes through a traumatic situation for days. There’s nothing to deny that dealing with the loss of a dear family member is very difficult. Amidst such a situation, no family without sound knowledge of property distribution laws can easily navigate through probate courts. You should resort to a legal professional if your loved one dies with or without a will.
The majority of families seek probate help from reputed probate attorneys. They play an instrumental role in helping clients navigate the complex legal path and educate them along the way. Having such an experienced probate lawyer can help you easily understand the probate process. Also, a compassionate and committed attorney leverages his skills to protect your rights.
What is Probate?
Probate is the legal procedure through which property transfer takes place after the demise of the property owner. In this process, an honorable judge decides if a dead person of a family has an authentic will and represents a person/family member to manage the property. The representative has to ensure that beneficiaries receive their fair share of the estate and assets.
Differences between a Probate and Non-Probate Estate
Every property owner mentions the name(s) of beneficiaries or their heirs who will get a share of the estate or property in a will. Two prominent types of property are probate property and non-probate property. Read on to understand the basic differences between these two property types.
A probate property encompassed assets that a deceased person owns certain assets directly and solely. This specific probate type comes in a wide variety of forms. It generally includes real estate, two-wheelers/four-wheelers, stocks, bonds, and cash. It is the responsibility of a representative or an executor to correctly identify every single asset while organizing a property for the probate procedure.
Bank accounts, life insurance, and investment accounts are referred to as non-probate properties. One requires signing a beneficiary agreement with the financial organizations while opening these accounts. A legally genuine trust that holds these assets can stay away from the difficult probate process. Financial institutions distribute the non-probate property assets upon receiving the death certificate of a dead person.
Probate Attorneys Deal with Probate Disputations
Professional probate lawyers have years of experience and expertise in dealing with probate disputes. They extend complete legal assistance to clients who need to navigate the probate estate process. Rely on a proficient attorney if you end up in a probate lawsuit. Your lawyer will take proper legal steps on your behalf to safeguard your inheritance rights. These are the things a dedicated probate litigator does:
- Listens to a client’s story and responds to their queries
- Elucidates a client what is their rights and available options in the probate procedure
- Deals with legal paperwork and execute legal filings
- Collects substantial evidence – valid records, documents and information to help a client receive everything they deserve
- Resolves probate disagreements by taking necessary legal action
- Helps a family navigate the probate process without any hassle
Get in touch with a well-versed probate attorney if you want to gain a clear understanding of the probate process. A probate lawyer with a proven record of success can surely help you navigate complicated property or estate distribution laws.