Probate Lawyers are a dime a dozen. Hire the right Probate Lawyer is tougher then you think.
Probate lawyers specialize in handling estates of people who have died. When possible, it's a good idea to locate a probate lawyer prior to having a need for their services. Locating a lawyer to administer your loved ones estate is a hard thing to do when you're grieving.
There are two types of probate lawyers: Transactional Lawyers and Probate Litigators. Transactional lawyers handle administration of probate estates. This includes filing the Will at the local courthouse, notification to creditors, and handling necessary paperwork such as affidavits, Consent to Transfer forms and tax matters.
Probate litigators are called in when disputes arise over an estate. This could be caused by family arguments, contesting the Will or anyone who files a claim against the estate. If lawsuits are pending or arise during probate, you'll want to retain a probate litigator to defend the estate in court. Some probate lawyers engage in both transactions and litigations.
If there are significant real estate holdings within the estate, look for probate lawyers who specialize in real property law. People who want to establish estate planning to avoid probate should seek out probate lawyers who specialize in trusts and estate planning.
It's crucial to be organized when meeting with probate lawyers. Whether arranging your own estate planning or administering an estate, probate lawyers require considerable information. Be prepared with personal information including social security number, date of birth and family genealogy. Bring important contracts and legal documents including Wills, trusts, deeds, life insurance policies and tax returns.
When administrating an estate, probate lawyers either take a percentage of the gross estate or charge an hourly rate. In most cases, paralegals and other staff members will take care of the majority of paperwork and research to reduce expenses. Therefore, you aren't just hiring the probate attorney you are also hiring his staff.
Hiring probate lawyers is not an easy task. You want to find one who will treat you fairly and respect the final wishes of your loved one. When possible, take time to interview several probate lawyers and compare their costs and services. Conduct research through the Better Business Bureau and American Bar Association.
Consider asking friends and relatives for probate lawyer referrals. Probate and end-of-life plans are oftentimes not discussed. Chances are your friends aren't going to walk up and say, "I just found the greatest probate lawyer today." Ask around before you begin your search and you could end up saving a lot of time.
Simon Volkov buys real estate in probate and helps liquidate the entire estate for fast cash. These realestate transactions are more emotional then any other realestate transaction and you need an expert to work with.