Planning for a Probate
Those who are considering creating a probate plan often turn to Legacy Law Center for legal guidance from a wills lawyer St. Peters, MO families trust. Probate laws and regulations vary by state, so it important to seek a lawyer who is familiar with applicable current and pending legislation. Prior to entering the probate process, it can be helpful to hire a knowledgeable probate attorney to guide your through the steps while protecting your best interests.
Typical Steps of the Probate Process
1. Authenticating the will – the party who submits the will to the court must provide evidence that the will is valid and the person who wrote or authorized the will was in fact the now deceased person.
2. Personal representative is appointed – the court must approve the person who was designated in the will as the representative of the deceased as the administrator or executor. If for any reason there is no will, a judge may declare their next of kin as the executor. When you work with a wills lawyer St. Peters, MO community members recommend from our law firm, you will be apprised of which laws may affect you if your loved one had no will.
3. Locating assets – the administrator will locate the assets and has the responsibility to protect them to the best of their ability. What is considered reasonable methods to accomplish this will depend on the type of asset at risk.
4. Determining death value date – the death value is what each asset is worth at the time the deceased passed away. The executor can determine the values using appraisals and bank account statements.
5. Creditor determination – the representative will identify creditors and send notifications of the person’s death. They may also post a notice of the deceased with a nearby newspaper. In some locations, a notice in the local paper is required by law. A St. Peters wills lawyer from our firm can provide you with more information about this.
6. Bill paying – the personal representative will pay off all the deceased’s remaining bills and can decline claims if there is any reason to think they are invalid.
7. Filing income tax return – the administrator will file the deceased’s income tax return, decide if an estate if responsible for paying inheritance taxes. They will pay any taxes from the estate’s funds and take action to liquidate assets as necessary. Talk to a wills lawyer in St. Peters, MO about estate planning options that may offer heirs a tax savings.
8. Estate balance distribution to beneficiaries – the appointed representative will petition the court to distribute what is remaining of the deceased’s assets to the names listed in the will.
Here at Legacy Law Center you can work with a wills lawyer St. Peters, MO residents turn to for help with the probate process. The process can involve complex laws. If you choose an attorney to work with from Legacy Law Center, your best interests can be protected.
A wills lawyer St. Peters, MO locals choose can review your case and provide the guidance you need. Schedule an appointment today for your free consultation with a wills lawyer St. Peters, MO offers by calling 636-486-2669.