You’re the executor for the estate of a loved one. Now that they’ve passed, it’s up to you to ensure the estate is settled properly. That involves a lot of work. In order to make things easier, it makes sense to hire a probate attorney St Petersburg FL. Here are a few things your legal counsel can address.
Potential Contests of the Will
When harmony among family members is not high, there’s a good chance someone will attempt to contest the will. That’s especially true if that individual believes he or she should inherit part of all of the estate. A probate lawyer can represent the estate and may find a way to shut down the attempt before it ever gets to court.
There are Debts Owed by the Estate
It’s not unusual for some debt to be left that needs attention. When the estate’s cash assets are sufficient, all the debt can be settled with easy. If not, how do you determine who gets paid first? A probate attorney St Petersburg FL will help you identify which debts have priority under current laws and which ones can be included in a different solution.
The Estate Includes a Business
When a business is part of the estate, you definitely need a probate attorney St Petersburg FL. That’s because the business will have to be valued to determine how much it could be sold for on the open market. There’s also a decision to be made about selling the company or arranging for it to be retained by the estate and responsibly managed. The attorney can help you weigh all options that are allowed under the terms related to your executorship and help you find the most practical solution.
Don’t feel as if you have to handle all the estate details alone. Choosing to hire a probate attorney will help you manage everything in a way that complies with current laws and leaves nothing undone. In the long run, the support you receive will save a lot of time and frustration.
Learn more about Probate Attorney by visiting the website.