One of the best things that a person can do for their family while they are living is to create a solid estate plan that includes the creation of a trust and instructions on exactly how their assets are to be distributed upon their death. Unfortunately, death can sometimes be an unexpected event, and loved ones don’t always get or take the opportunity to make this happen. If a loved one has recently died without an estate plan, then it’s in the family’s best interest to get in touch with a probate lawyer as soon as they possibly can. If the family or the estate executor are facing any of the following situations, then talking to a probate lawyer is a must:
Dealing With Complex Assets
In some cases, family members leave behind nothing more than the items or properties they used in their everyday life -; a home, a car, and a bank account. If this happens to be the case, then a probate lawyer may not be needed. However, in situations involving commercial property or businesses, families should contact a Probate Law Lawyer Las Vegas NV. If they make the choice to sell the business or property, an attorney can help them place a value on it and walk them through the sales process so that they don’t get taken advantage of. If they choose to keep and manage the asset, a lawyer can help them avoid legal trouble and make sound decisions.
Managing The Estate Debt
Those who find that there is not enough money in the estate to pay all of their loved ones debts should definitely contact a Probate Law Lawyer in Las Vegas NV right away. This is because the law requires families and estate executors to prioritize some debts, which means they need to use the money to pay some creditors before others. Speaking with an attorney before paying anyone helps loved ones avoid the trouble that comes with failing to pay the estate debt according to established rules and laws.
A probate lawyer is a family’s best asset when it comes to avoiding a bad situation. Instead of allowing mistakes to drain the estate and cause frustrations for everyone involved, families should click here to get in touch with the legal team at Grant Morris Dodds and learn more about how hiring a probate lawyer can bring peace of mind during a difficult time.
