No one thinks about what will happen after they die until it's too late. But if you have an estate, it's important to have a plan in place for when you're gone. That's where an estate administration attorney comes in. Here are four reasons why you need one.
Deciding on an Executor
One of the most important decisions you can make is choosing who will handle your estate when you die. It's a big responsibility, and you want to make sure that the person you choose is up for it. They'll be responsible for identifying all your assets, paying off any debts, and distributing whatever is left to your beneficiaries according to your wishes.
You may have already made this decision, or maybe you haven't thought about it yet—either way, having a professional on hand to help makes things a lot easier for everyone involved. Your executor will need all kinds of information from you, like details about your assets and accounts; contact information for all of your beneficiaries; and instructions about how much money should go where (for example, if there are multiple children or grandchildren who should receive equal shares).
Estate administration attorneys can help gather all this information and organize it in a way that makes sense for everyone involved. This saves time (and money) down the road and helps ensure your wishes are carried out as effectively as possible.
Avoiding Missteps in the Probate Process
Estate administration can be a complex and confusing process, particularly if you're new to it. If you don't have an estate administration attorney's expertise at your disposal, it's easy to make mistakes that can cost you time and money—or even cause the loss of property for those who are entitled to it. An estate administration attorney will help guide you through every step of the process so that you make sure everything is done right.
Avoiding Costly Mistakes
Estate administration is an expensive process, which means anything that can be done to cut costs while still ensuring that it's done correctly is a good thing. An experienced estate administration attorney knows how things should be done and how to minimize expenses by doing them legally and efficiently.
Ensuring Compliance With State Requirements
State laws vary widely when it comes to probate law—and sometimes even within a single state. If you have questions about what needs to be done for your case, an estate administration attorney can provide answers based on their knowledge of local laws and regulations so that you don't run afoul of any requirements that may apply in your case (and end up paying extra fees or penalties).
An estate administration attorney can make the difference in an estate that goes smoothly and without costly missteps or one that doesn't. Having experience handling these matters can make a huge difference in avoiding legal troubles. Get help from an experienced estate administration attorney before it's too late.