Are you looking for information on the probate process? You’ve come to the right place. Lewman Law has a Dublin probate lawyer with years of experience in estate planning, as well as what’s involved in settling an estate. Keep reading for an overview of the basics.
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The Dublin Probate Process
It’s essential to first note that the probate process varies depending on which state you reside in. So, what’s true for California won’t necessarily be relevant to someone who lives in Tennessee. This is another reason why we recommend working with a skilled Dublin probate lawyer.
How is Probate Defined?
Before moving on, let’s define what we even mean when we talk about probate. Essentially, probate is the legal process that is set in motion after someone dies. If the deceased left behind a will, it needs to be reviewed and accepted as a valid document before their estate can be finalized.
On the other hand, if there is no will, probate is still necessary. This is because the court will need to determine who inherits any assets or property since no beneficiaries were named. This is why it’s so essential to create a will. Under these conditions, things can be drawn out, and family conflicts are more likely to arise.
Is it Possible to Avoid Probate?
This is a question that’s best discussed in person with your Dublin probate lawyer, but the most direct way to avoid probate is usually to set up a living trust. Though, this needs to be done in advance. When you set up a living trust, the idea is that anything within that trust is held jointly with your beneficiaries. This can also help your loved ones avoid paying probate fees later on.
Another option is to name beneficiaries on your investment accounts as well as your bank accounts. For example, your 401K. The Dublin probate process can be slow and costly, so this is a more efficient way to transfer your assets. Keep in mind that you can also designate beneficiaries for life insurance policies, stocks and bonds, and also pension plans.
And finally, a third way to sidestep the probate process is to hold property jointly. For example, if your home is in both your name as well as your significant other’s name, owning jointly means that the property can pass directly to the surviving partner because there’s no need for probate.
Peace of Mind
A knowledgeable Dublin probate lawyer will be able to walk you through all of the necessary estate planning paperwork to make sure nothing is left out. When you hire an estate planning attorney, what you’re really paying for is peace of mind. Whether you’re just starting from scratch, need to update a will, or have questions about probate, nothing can replace having experienced guidance on your side.
Get Help from Dublin Probate Lawyer
Are you feeling confused about the Dublin probate process? Lewman Law is committed to leading you through it with skilled and compassionate guidance. Talk to an experienced probate lawyer today by calling (925) 447-1250.