Conventional wisdom says that the first step for an executor is to hire a probate lawyer in Moline IL area who is skilled in both the state law and how the local probate court operates. One of the reasons that you would want to get an attorney to assist you is if the deceased’s family members are not getting along and immediately start talking about contesting the terms of the will. A lawsuit over a will can cause irreparable damage to a family as well as drain money from the estate. With the assistance of a knowledgeable and skilled probate lawyer you might be able to avoid such a situation.
Does the Estate Consist of Assets Including Businesses, Etc.?
If you are left in charge of an estate that is complicated because it includes multiple homes or businesses, commercial real estate, or any other assets that are going to require special handling, you’re going to need the advice of a probate lawyer in Moline IL. He or she will also be able to point you in the right direction when you’re looking for managers for a business or a commercial property, for appraisers, or even for the sale of a home or business. These are jobs that require specialized skills.
Is the Estate Large Enough to Cover the Outstanding Debts?
If there are not enough funds in the estate to cover any outstanding medical expenses, funeral expenses, final income taxes, and any other legitimate debts, you should not pay any bills before you have consulted with a probate lawyer. No matter what ploy any of the beneficiaries use to try and get money that they think are is owed to them, you should never disperse any funds until after you’ve spoken to an attorney. David J. Franks has over 20 years’ experience in the field of estate planning and does all the ins and outs of probate.
