Probate Lawyer Memphis TN

Probate Lawyer Memphis TNWhen you are trying to settle and close an estate, having a probate lawyer Memphis, TN trusts on your side could speed up the process. At Wiseman Bray our primary focus is on estate matters. This includes drafting wills and trusts, administering an estate, probating an estate, litigating an estate, and more. With decades of experience, we have a sound reputation throughout the Memphis area. Regardless of what your own needs might be, we encourage you to give a probate lawyer Memphis, TN relies on a call.

Choose Wiseman Bray to Be Your Legal Advocates

Not all lawyers are probate lawyers, and before you hire the first legal representative you find, you should ensure they have experience in this field. By choosing Wiseman Bray, please know that we are:

  • Honest and transparent
  • Experienced in a broad range of estate matters of all complexities
  • Diligent and zealous
  • Offer flexible and fair pricing
  • Efficient in our communication with clients
  • Equipped with a team of estate lawyers, paralegals, assistants, and other viable staff

If you are interested in learning more about our services or procedures, please call a Memphis, RN probate lawyer from Wiseman Bray.

The Probate Process

Probate is a process that is overseen by the executor of the estate, and who has been named by the testator (i.e. person who has drafted the estate plan). Probate will involve an inventory and distribution of assets after the testator has died. In addition to this all debts and taxes will need to be paid.

Prior to the beginning of the probate process, a will and a petition to probate must be filed with the state. If no will exists, the state typically becomes involved and appoints someone as the administrator. It is also a time in which a will contest could arise. This would involve at least one individual who is disputing some portion, or all, of the will. If you are in anyway involved in a will dispute, you should consult a probate lawyer in Memphis, TN as soon as possible.

As soon as the court accepts the will and petition, the probate process begins. This could take between 30 days and 6 months, to one year or more.

What a Memphis, TN Probate Lawyer Can Do

The challenges that could arise in the probate process may vary, and largely depend on the factors involved. In general, it can be helpful to have a trusted probate lawyer from Memphis, TN guide you through the process. Executors of a will can ask a probate lawyer to assist in any of the following tasks:

  • File the will with the court
  • File a petition for probate
  • Take an inventory of all the assets
  • Collect the assets
  • Evaluate the assets
  • File tax returns
  • Notify any beneficiaries
  • Sell assets, including real estate
  • Settle any debt
  • Manage any disputes
  • Distribute assets
  • Appeal an outcome

An Overview of the Steps You Will Have to Take as an Executor

  1. File a petition to probate with the court of the location the estate is in
  2. Notify beneficiaries and creditors of the death
  3. Collect all assets, and inventory and evaluate them
  4. Resolve any outstanding debt and taxes owed
  5. Distribute any remaining assets
  6. Request the court to close the estate

If you are the executor of an estate and would like help with the probate process, call a probate lawyer Memphis, TN residents rely on from Wiseman Bray at 901-372-5003.

What are the advantages of probate?

If you hire a skilled probate lawyer Memphis TN trusts to assist with probate, it can be quite beneficial to your beneficiaries. During this court-supervised process, the executor of your will gathers your assets and distributes them to your heirs. Let’s take a look at some of the advantages of probate:

Heirs Can Challenge the Will

Wills sometimes include mistakes that may negatively affect heirs. Luckily, probate allows heirs the opportunity to challenge a will in situations like these. If they believe there is a mistake in the will, they have the right to file a claim against the estate. One of the most common reasons for challenging a will is testamentary capacity. In order for a will to be valid, the person who created it must have the mental capacity to do so. A probate lawyer Memphis TN respects may have represented heirs who have challenged wills because the person who created it suffered from dementia or another illness at the time.

Creditors Have a Limited Time to File Claims

At the time of a person’s death, the executor of the will has to notify creditors so that they have enough time to submit claims. Creditors who wish to collect debts from the decedent have to do it within a certain timeframe. A Memphis probate lawyer may have represented clients who didn’t have to pay their deceased family member’s death because the creditors failed to file claims on time.

Creditor Claims Can Be Challenged

The deceased person’s family members are allowed to challenge creditor claims they believe aren’t valid. Creditors may try to collect debts that the deceased person doesn’t actually owe. Clients might hire a probate lawyer in Memphis TN to help them avoid paying unnecessary debts by bringing creditors to court and proving their claims invalid.

Guardianship Wishes Are Honored

People with minor children want to make sure their children will be taken care of by the right person if they die. When drafting a will, individuals are allowed to name the person they want to take care of their minor children. As a probate lawyer Memphis TN counts on might attest, in most cases, the probate court honors designation of guardianship. Typically, the only time a court doesn’t grant guardianship wishes is if there’s evidence that the appointed guardian is unfit to take care of children. In those rare circumstances, the court appoints guardianship to someone better suited.

Transferring Assets Is Easier

Probate alternatives, like a living trust, can make transferring assets more difficult. Some assets, like recent lawsuit awards, can get overlooked and not get transferred to the trust. A will, however, ensures that assets are transferred to the designated beneficiaries.

Contact a Probate Lawyer Memphis TN Residents Depend On

The probate process can get overwhelming at times, so it is important to have a skilled lawyer by your side. For more information, or to schedule a case evaluation with a probate lawyer Memphis TN has to offer, contact Wiseman Bray at 901-372-5003.