Posted on: 15 September 2016
As an executor of your love one's estate after their death, you're responsible for paying their debtors and making sure that everyone in their will receives the goods or money that have been designated to them. It's a good idea to have a lawyer by your side to ensure that everything goes smoothly. Here are four things to consider when choosing which potential attorney to hire.
At least one estate bank account will need to be opened and managed in order to house monies that are accumulated during estate liquidation. Ask each potential probate lawyer that you consult with whether or not they're willing to open and manage these financial accounts for you, or if you'll have to take care of this aspect yourself.
Notices have to be sent to beneficiaries and are also typically created for newspaper publication during the probate process, so it's important to make sure that the lawyer you decide to work with is willing to handle all legal notices that are expected from you as the executor. Ask the attorneys you speak with to provide you with an outline of how these notices will be handled so you can compare them side-by-side back at home.
All of the claims that debtors make on your loved one's estate will have to be validated before being paid out from the financial accounts that have been set up for the probate process. Your lawyer should be willing to manage all of the validations that need to be done so that all you have to do is review reports once a week. It's important to find out who will be doing the validating too. Will the attorney themselves be doing the work, or will an assistant within their office be responsible for it?
If some of the assets in your loved one's estate have to be sold in order to pay off debts that are still valid, you'll want your lawyer's help to get the job done. During each consultation you have with potential lawyers, find out what kinds of asset sale services they offer so you can determine how much leg work you'll have to do yourself. Some lawyers may include asset sale service within their base fee while others may charge a set or hourly rate for the services, and yet some still may not offer sales support at all.
These considerations should help you make the right decision about which potential probate lawyer to ultimately work with. Start contacting a variety of probate attorneys, such as those at Leon J Teichner & Associates, P.C., to find one that is a good fit for you.Share