MEYERSON LAW FIRM

Who should be your Executor? Choosing the right executor for your estate is a very important decision. Your chosen executor is responsible for managing your estate, paying off your debts, and distributing your assets to your beneficiaries. It is essential to choose someone who is reliable, trustworthy, available and capable of and willing to handle the responsibilities. Below are a few tips to help you select the correct executor for your estate. 1. Consider the Executor's Qualifications The person you choose as your executor should be trustworthy, dependable, responsible, and organized. He/she should have at least some knowledge of financial matters and legal procedures. If you have a complex estate, you may want to consider hiring a professional such as an attorney or a financial advisor. 2. Choose Someone Who is Willing to Serve Your executor should be willing to serve in this role. It is not uncommon for people to decline the offer to be an executor due to the time and effort involved. Therefore, it is essential to select someone who is willing to take on this responsibility and has the time and availability to fulfill the duties. 3. Consider the Executor's Relationship to You Your executor should be someone who has a close relationship to you and your beneficiaries. He/she will be responsible for making decisions that impact your beneficiaries' lives. If you choose an executor with no connection to your beneficiaries, he/she may not have their best interests in mind. 4. Review the Executor's Availability and Location Your executor should be available and accessible. If your executor lives far away or keeps a busy schedule, they may not be able to fulfill their duties in a timely manner. Therefore, it is essential to choose someone who is local and has the ability to manage your estate. Choosing the right executor for your estate is a crucial decision. which requires careful consideration. Make sure to choose someone who is trustworthy, responsible, and capable of fulfilling the duties. Consider their qualifications, willingness to serve, relationship to you and your beneficiaries, as well as their availability and location. If you need help choosing an executor or managing your estate, contact Meyerson Law Firm. Attorney Seth Meyerson and team have the skills and experience to help you make informed decisions about your estate.

When a person passes away, their assets must be disbursed in a manner consistent with state laws and following the directions they put forth when they were alive, as stated in their will. A probate lawyer guides the executor of will or beneficiaries of an estate through the probate process: From identifying estate assets and beneficiaries to distributing assets and inheritances. What is a probate lawyer or probate attorney? A probate lawyer is a state licensed attorney who works with the executors and the beneficiaries of an estate to settle the affairs of the decedent. In some instances, probate can be avoided if all the decedent’s assets have been placed in a trust. A trust can ensure a smooth transfer of property outside of court and legal proceedings.  Is a probate lawyer the same as an estate attorney? A probate lawyer is also known as an estate attorney and will be involved in different ways depending on the particular circumstances of that estate. Their involvement will depend on the value of the decedent’s assets and whether or not they had a last will and testament at the time they passed away. In cases where no will exists, beneficiaries file claims and sue for what they believe they are entitled to. In situations where there is a will, challenges may arise as to the validity of the will, also leading to possible litigation. What does a probate lawyer do? Specifically, here are some of the common tasks a probate lawyer may assist an executor and beneficiaries with during the probate process: · Collecting proceeds from life insurance policies · Identifying and securing estate assets · Obtaining appraisals for the decedent’s real property · Assisting in the payment of bills and debts · Preparing and filing all documents required by a probate court · Determining if any estate or inheritance taxes are due, and making sure those debts are satisfied · Resolving income tax issues · Managing the estate checking account · Transferring assets in the decedent’s name to the appropriate beneficiaries · Making a final disbursement of assets to beneficiaries after all bills and taxes have been paid Have questions about working with a probate lawyer? We’re happy to answer your questions. The Meyerson Law Team helps people just like you everyday. So, call anytime: (678)-892-5910 x 111 (Julie)