What Does a Probate Lawyer Do? | RMO Lawyers - YouTube

Channel: RMO Lawyers

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What does a probate lawyer do good question
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well, when a person passes away their assets must be dispersed in a manner consistent with the state laws and
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Following the directions that they put forth when they were alive
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as they did in their will
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Before I tell you more subscribe now, so you'll be notified whenever we publish another helpful video
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And in the comments below
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Please tell me how many times you think most people go through the probate process zero
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One more you might be surprised
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Effectively probate is the process by which you
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administer a loved ones estate and make sure that their intentions are
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followed and that their debts are paid and that
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Their assets are distributed to the beneficiaries
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To whom they intended
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a
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Probate lawyer is a state licensed attorney who works with the executor
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personal representatives beneficiaries of an estate to settle the affairs of
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the decedent
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Probate lawyers there to guide the executor or the personal administrator of the will
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or beneficiaries of an estate through the probate process
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From identifying estate assets and beneficiaries to distributing assets paying debts
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Making sure people get their inheritance
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Some of the common tasks probate lawyers undertake
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in assisting with the probate process
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include collecting proceeds from life insurance policies
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collecting assets that were designated on beneficiary designations on financial accounts, for example
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identifying and securing
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Estate assets, whether it's personal property such as jewelry watches arts
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Or real property such as houses
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vacation homes condos
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business assets
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Probate lawyers help obtain appraisals for
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the decedent's real
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Property and as well potentially for some of the personal property if it's of significant value
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probate lawyers assist in the payment of bills and debts and
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Probate lawyers will help prepare and find all the documents necessary
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To assist you through the probate process in the courts a probate lawyer and perhaps your tax accountant
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Will help you to determine if any estate or inheritance taxes are due
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And make sure those debts are paid and those filings are made timely
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Probate lawyers help resolve income tax issues either at the state or federal level
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Probate lawyers will help manage the estate
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finances to make sure that you're paying things that should be paid and perhaps not paying things that shouldn't be paid and
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negotiating debts that can be negotiated and the probate lawyer helps to make the final distance of
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assets to the beneficiaries, of course after all the bills
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Taxes and other obligations have been paid
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Have questions about working with a probate lawyer
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That's the basics we'll be following up with
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Other videos so subscribe now and in the meantime if you have questions about probate
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We're happy to answer them at our mo lawyers comm
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Rml, we help people just like you every day. Thanks for watching
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You