A Chicago probate attorney will help you plan the distribution of a person’s property and money after death. The services a probate attorney provides include determining how assets will be distributed, payment of debts and taxes according to the will, filing necessary motions, and making arguments in court should the will be contested. The cost of hiring a probate lawyer is usually paid by estate assets before inheritors receive anything.
Why hire a Chicago Probate attorney?
Probate is the legal process used to carry out a person’s will after their death; a probate attorney advises you on how to perform the steps in the process. In general, once you have identified and collected the dead person’s belongings, including their money, property, and other assets, you pay the person’s debts and taxes. Once all debts have been paid, you distribute their money and property according to the language of the will. If there is no will, the laws of the state where the dead person lived control how the property is distributed. A probate attorney helps you plan what happens to your property when you die, as they can probate wills and act as your probate court estate representative. A probate attorney also represents family members and beneficiaries wishing to challenge wills.
What is probate and how does it work?
The executor proves the validity of your will and presents the court with lists of your property, your debts, and who is to inherit what you’ve left. … Your executor must find, secure, and manage your assets during the probate process, which commonly takes a few months to a year.
How does Chicago probate attorney work when there is no will?
When a person dies, the legal process in place to take care of the assets and liabilities of that person is through the probate court. Through the probate court, the deceased person’s assets get distributed and the debts of the deceased are taken care of.
Once a person dies, a loved one usually files a petition in probate court to start proceedings to settle the estate. … If no one files for estate proceedings in court, what happens next depends on the type of property the deceased, known as the decedent, owned, whether he had debts and state law.
What is Probate Court?
Probate court is a specialized type of court that deals with the property and debts of a person who has died. The basic role of the probate court judge is to assure that the deceased person’s creditors are paid, and that any remaining assets are distributed to the proper beneficiaries.
What is Probate Court for?
Probate is the court-supervised process of gathering a deceased person’s assets and distributing them to creditors and inheritors. As an executor, your probate process will depend on whether your state has adopted the Uniform Probate Code (UPC), which is a set of probate laws written by a group of national experts.