Before reaching out to a Contingency Probate lawyer Memphis, TN families trust at Wiseman Bray, PLLC for assistance, many people wonder whether they need a probate lawyer. Have you lost a loved one recently? Are you trying to avoid probate but don’t know where to begin? We’ll start off by saying that probate can be tricky, and can result in family conflict and taxes to the estate if not planned for properly. Here we have gone over what you need to know about probate law, such as what it is, how it work, and whether you need probate lawyer to help:
Understanding The Probate Process
At its essence, probate is the legal process that happens after someone has passed away. During probate, and reliability of the deceased person’s will is assessed, and then someone is appointed to be the executor of their estate. The executor will manage and distribute assets to those listed in the will. However, if there is no will, then probate is utilized to determine who and in what amount beneficiaries should receive assets.
Probate usually begins after the deceased individual’s representative submits a petition to probate court. It ends when the court decides to officially close the estate. As your Probate lawyer Memphis, TN clients depend on can explain, the probate process covers various aspects of estate administration, including:
What a Probate Lawyer Does
A probate lawyer is someone who offers advice to the executor or beneficiaries of the deceased person’s estate. Our responsibilities will vary based on probate laws for the state of Tennesee, and whether the person had passed away without writing a will. We can help with many duties throughout the entire probate process. For instance, we can find and secure assets, obtain appraisals of property, confirm that documents required by probate court are filled out correctly and submitted on time.
Furthermore, we can offer counsel on how to pay the deceased party’s outstanding debts and bills, and maintain records of transactions within the estate bank accounts. We can assist with paying estate and inheritance taxes, and answer questions about tax issues if they arise. Other tasks that we may help you with are listed as follows:
Wiseman Bray, PLLC
We are dedicated to helping people avoid and/or get through the probate process. Probate can take a few months up to a year or long, depending on the estate and circumstances. Call Wiseman Bray, PLLC today to schedule an appointment with a Contingency Probate lawyer in Memphis, Tennessee as soon as possible.