Estate Planning Attorney Vincent D. Margiotti, Co-Founder of Pennsylvania Probate and Estate Firm, LLC in Montgomeryville, PA explains that probate lawyers play a key role in helping executors manage the legal process after someone passes away. For more information please visit https://paprobate.law
-- The role of a probate lawyer can often prevent an executor administering a family member's estate from floundering during the process, Estate Planning and Probate Attorney Vincent D. Margiotti revealed this week.
For more information please visit https://paprobate.law/
The Co-Founder of Pennsylvania Probate and Estate Firm, LLC in Montgomeryville, PA explained that a nominated executor will handle probate when a person dies. This process oversees the complexities of their estate, following their wishes in the distribution of their assets and settling any claims, such as debts or taxes.
Margiotti said one of the first actions an executor can do is to consult with a trained and professional probate lawyer to ensure the probate process can run seamlessly and come to a successful conclusion.
A probate lawyer is a state-licensed attorney who works with the executor and beneficiaries of an estate to settle the person's affairs. A probate lawyer – otherwise known as an estate attorney – can be the appointed executor or guide an executor through the probate process in line with state law.
"Depending on the value of an estate, a probate lawyer can be involved in many different ways," said Margiotti.
A probate attorney could be tasked with identifying and securing estate assets, assisting in settling and validating debts and bills, filing forms and gathering documents needed by a probate court, as well as assessing and paying any relevant tax dues.
Margiotti said they may be tasked with identifying savings and investment accounts and obtaining value appraisals for any real estate or business ownership interests left by the decedent.
He advised that a probate attorney handles the probate process after a person dies, while an estate planning attorney works with clients to draft their wills, trusts, and provide planning for their estates. An attorney can offer dual services in both probate and estate planning matters.
If there is a challenge to a will, a probate lawyer can offer representation to a party in probate litigation.
Margiotti said that while probate lawyers are either paid by a flat rate, by the hour, or as a percentage of the estate's value, the exact arrangement will depend on an attorney's experience and the legalities to be addressed.
For those seeking to retain a probate lawyer, he said they must ask questions before doing so. These could include their experience, areas of specialism, what services they provide, and their charges.
Source: http://RecommendedExperts.biz
Contact Info:
Name: Vincent D. Margiotti
Email: Send Email
Organization: Pennsylvania Probate and Estate Firm, LLC
Address: 593 Bethlehem Pike, Montgomeryville, PA, USA
Phone: (215) 261-0808
Website: https://paprobate.law/
Release ID: 89185232
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