As an executor of an estate, you may be tempted to handle all the work on your own to save on costs. However, this innocent decision could be the beginning of your woes. As easy as it seems, distribution of the estate can be a daunting experience in the end. That’s why you need a probate lawyer to help in the process or even take over the administration. Here are three reasons to hire a probate lawyer:
Helps solve any will disputes
It is natural for those who were directly associated with the deceased to demand inclusion in the probate process. Also, there is a high likelihood that some of the beneficiaries will not be content with the set will. This can quickly lead to a mixture of reactions and spark some emotions such as tension, anger, and resentment.
The good thing is a probate lawyer from Miller & Steiert, P.C. in Denver can deal with the rising disputes in the will. They can soberly reason with the beneficiaries and come up with some deal. This ensures that the issues don’t end up in court, which can be very expensive. It also provides that the family bond remains intact.
Probating an estate is not a walk in the park. First, it’s worth knowing that the executor doesn’t gain instant access to the estate without probate. However, hiring an attorney will help ease the burden, which helps speed up the process. Also, an experienced probate attorney comes in handy in case of any related legal challenge that may threaten to slow down the process. This is because they are well versed in the legal requirements for solving such problems.
Determines tax liabilities
No one wants to get in the wrong books of the government, especially where taxes are concerned. That’s why you need an experienced probate lawyer to help you identify any existing tax liabilities. This is best done before the assets are distributed. This ensures that you don’t end up paying extra money in the form of fines and penalties that may be imposed for the uncleared taxes.
If you have been appointed as the executor, you don’t have to through it alone. The above reasons are some of the many as to why you need an experienced probate lawyer by your side. They will offer guidance as well as ensure that the process goes on smoothly.