Probate Tips for Getting Through the Process Faster and with Less Hassle
Probate lawyers are well aware of the hassles and headaches that families face when a loved one’s estate goes into probate. Not only might a family have struggled to make ends meet due to the inability to afford long-term care insurance, but the process can drag out, eating up not just time but also resources that would have otherwise gone to beneficiaries. Appointed executors find themselves with burdensome responsibilities that can compound their grief. In order to navigate the process as quickly and smoothly as possible, probate lawyers recommend you keep the following in mind:
Probate Tip #2: Notify Creditors Quickly
Part of the probate process is making creditors aware of the death. As long as the probate is open, creditors can come looking for payment, which can significantly slow down process. Instead, it is better to get everything lined up as quickly as possible to be able to move on to the next phase.
Probate Tip #3: Get an Appraised Inventory
As the executor works with the estate, he or she should be creating an inventory of its assets and getting appraisals when appropriate, whether on personal effects, real estate, or other assets. The courts may need to be involved with the process, so discuss it with your probate lawyer.
Probate Tip #4: Don’t Miss Deadlines
There are specific deadlines set for when documents need to be filed. Missing these deadlines will lead to the need for more court appearances (i.e. time, hassle and more money), as well as keeping probate open—and the estate vulnerable—for that much longer.Evan H. Farr on Google +