The best possible thing that can happen to an estate executor when their loved one passes away is that the assets that have been left for them to handle have been secured in a trust and that they are all distributed according to the deceased person’s wishes. Unfortunately, this ideal scenario doesn’t always happen this way for every executor. In some cases, you’ll need to get some legal advice from an experienced probate lawyer in order to help resolve disputes and avoid serious penalties. If you are the executor of an estate and you find yourself in any of the following situations, be sure to call for help from a probate attorney:
Will Contests
Has a family member threatened to contest the will through a lawsuit? If so, you need to get help from a lawyer sooner rather than later. A Probate Attorney in Hollywood FL has the necessary knowledge to help you figure out whether going to court is worth it, and they may be able to help you settle the situation before it becomes costly.
Managing Complex Assets
If your loved one owned any businesses or left any commercial property for you to care for, you need to call an attorney. Whether you want to appraise and sell the business or manage it yourself, an attorney will be able to guide you through the complicated legal processes that are often involved in these types of things so that you don’t end up making serious mistakes.
Estate Debts
If the debts of the estate exceed the money that is available, you need to know that the law gives priority to certain types of debts. Consequently, those creditors should be paid first. If you aren’t sure which debts should get priority, contact a Probate Attorney in Hollywood FL. They’ll help you make sure that you don’t waste time or money paying the wrong creditors at the wrong time.
