Eventually, most people will face the event of a family member passing away. Dealing with a deceased person’s estate can be difficult, confusing, and adds distress to an already emotional experience. In order to distribute assets and take care of debts, the person named in the will to handle final arrangements will have to go to through the procedure of probate. Probate is the legal process of managing the estate of a deceased person, settling claims, dispensing their possessions and property, and settling their final affairs. The laws of each state determine whether probate proceedings are required.
Experienced probate lawyers in Lake County know the legal requirements to make sure there are no mistakes that can complicate the estate proceedings and will make sure the process is being executed in a timely manner. They can take care of income tax issues and obtain court permission for actions that require transferring belongings to the beneficiaries. Though it is not always required to use an attorney, failing to execute the legal steps of probate in the proper manner can cause the executor, the person appointed by the decedent to carry out their wishes, considerable problems including personal liability.
In addition to managing the filing of wills and managing the probate process, a probate lawyer is an estate, or trust lawyer, who can help with estate planning such as creating a will. Wills are the final wishes of a person that can help provide peace of mind to the family members. Additionally, they provide service for business succession, minimizing estate taxes, trust planning, estate freeze trusts, trust administration, and create both powers of attorney and medical powers of attorney.
Charles T. Newland and Associates can offer clients help with their asset protection needs, estate and gift taxes, transfers of wealth, and disabled adult guardianship matters. Located in Arlington Heights, they also provide services in Lake County, Buffalo Grove, Gurnee and Libertyville. In addition to probate assistance, they offer help with bankruptcy and foreclosure, personal injury both plaintiff and defense, and business representation and litigation. The Probate Lawyers in Lake County will help make the estate and trust process efficient, manageable, and understandable for individuals and corporations.
