When someone is named the executor of someone else’s estate, and the holder of the estate passes away, there may be questions in terms of how to proceed. In a proper estate, there will be a will to outline the decedents wishes in the dissemination of their assets. This dissemination will largely be made by the executor of the estate. However, depending on the complexity of the estate, that person may need help from an attorney that handles issues related to Probate And Estate Planning in Chandler AZ.
If the person’s holdings are large enough, there may be issues that will have to go through the probate process. However, there are certain ways that an individual can plan their estate to help avoid probate issues. For example, if assets held in a living trust, such as life insurance and retirement accounts, have named beneficiaries, they can bypass the probate process altogether. However, when an estate is large and complicated, probate will be necessary.
Unfortunately, not every executor of a person’s estate is well-versed in probate issues. In these cases, the estate may have provisions to where the executor of an estate can hire the services of the attorney that handles Probate And Estate Planning in Chandler AZ. This type of legal advice is important for an executor who doesn’t have legal experience.
There can be many claims made to the estate by creditors, and a valuation of the estate may be required. An attorney can advise the executor on the best ways to carry out these particular tasks. In some cases, some estate’s name a probate or estate planning attorney as the executor, rather than putting this burden on a friend or family member.
If you have been named an executor of a friend or family member’s estate, it’s always good to have legal advice in these situations. In cases where the estate is rather large and complicated, this type of legal advice is invaluable. If you’re in this situation, you may want to visit The law firm of Janet R. Feeley L.L.C. These attorneys handle probate and estate planning issues. If you’re simply curious about the types of services they offer in order to determine if they’re right for you, you can Visit the Website to find out more information on the services they provide.