If you're an executor of an estate owned by someone that has died, you may need the help of a probate lawyer in Cincinnati to help with all the legal processes involved. While it's still your responsibility to bring together and secure assets, pay bills and taxes, and distribute the remaining assets to the rightful heirs, a probate attorney can help you execute your duties without flaws and with no stress.

 

A probate attorney can advise and help a personal representative or an estate executor in several areas, including:

 

Identifying and safeguarding probate and non probate properties: This is the first step to ensure that that all potential heirs can receive maximum benefits from asset distribution. When all assets are gathered, there are more options for clearing debts and paying taxes.

 

Property appraisals: A probate attorney can also advise the estate executor on the processes of determining data of death valuations for property owned by the deceased. This is also in the best interests of the deceased's family and any other named beneficiaries.

 

Legal documents: All legal documents to be used in probate proceedings should be prepared and filed in a timely fashion, and the person to do this is your probate lawyer in Cincinnati. Such an attorney is experienced in this area of law as well as the probate process of your state.

 

Insurance Proceeds: If the deceased had any form of life insurance, a probate attorney can help with the collection of the compensation amount, including any investment components as well as accrued earnings. Know more about Divorce Lawyer Lebanon OH.

 

Decedent's financial liabilities: As a personal representative, you want to handle the issue of the decedent's financial liabilities prudently to obtain optimal financial health for their assets. A probate lawyer can advise you on the process of identifying and clearing all debts and payments due.

 

Taxes: Taxes are also a financial liability that has to be addressed before the decedent's assets can be distributed to the rightful heirs. A probate lawyer can help find out if there are estate taxes and any other taxes that should be paid to the state or federal government. The lawyer can also help identify where money to settle the taxes will come from.

 

Distribution or selling of the deceased's property: A probate lawyer has a role to play in the distribution of assets to the rightful heirs. They can also help with the selling of any properties as deemed appropriate. Visit Injury Lawyer Cincinnati OH if you need a personal injury lawyer.