When an individual passes away owning assets in his/her name, if no beneficiaries have been named on that account or asset, the individual’s estate must enter the probate process in the court system. The primary purpose of probate, from a legal perspective, is to satisfy creditor claims against the estate. Most estates owe money to someone at the time of the decedent’s death. Common examples of estate creditors include utility companies, healthcare providers, mortgage companies, and credit card companies.
The probate process can be tricky to navigate. Ultimately, the primary concern of most heirs is to see the wishes of the decedent carried out and to allow the beneficiaries to receive their inheritance as quickly as possible. However, if important steps in the probate process are skipped or not performed properly, the executor and beneficiaries could be liable to creditors for payment of outstanding estate debts.
At the Law Offices of John Mangan, P.A., we work with the families and loved ones of the decedent to see that the decedent’s wishes are honored (or, in the event that the decedent died without a will, to see that the rightful heirs receive their inheritance). At the same time, we work to ensure that only legitimate estate claims filed in a timely manner are paid, saving the estate money where at all possible.
During their time of grief, our goal is to make life as easy as possible for the decedent’s family and loved ones as we help them to navigate what can be a sometimes difficult process. We’ll communicate proactively with our client so that everyone is on the same page and that the probate process goes as smoothly as it can.
In addition, we provide trust administration services for our clients so that their legacy unfolds in exactly the way it was envisioned. If you’d like to learn more about our probate and trust administration services, we would love to talk to you. Please contact us today to learn more!