If someone you loves trusted you to be the executor of their estate, they have put a great deal of trust in your ability to properly handle everything from filing the proper notices to distributing their property to their heirs. Even if you are familiar with the process, probate lawyers in Chicago can help smooth the way to an easy settlement of the estate. We'll help you avoid several common estate mistakes by making sure you follow the appropriate steps.
Probate Lawyers In Chicago Will File All The Necessary Paperwork
From obtaining and filing the death certificate to preparing, serving and filing notices, Chicago probate lawyers are familiar with every document that needs to be filed in order to distribute and close the estate. We'll make sure that notices are placed in the appropriate newspapers and that all potential heirs are contacted as well as debtors and creditors. Our probate attorneys will also use the correct language and form for each document.
We Will Determine What Is And Isn't Covered By The Will
It's becoming increasingly common for individuals to prepare a will that covers only a portion of what they want to leave to their descendants. Many people now have separate insurance policies and retirement accounts that aren't part of their estate. Our probate lawyers in Chicago can quickly determine what is a part of the actual estate and what has to be handled separately. The laws that apply to these accounts can be confusing, but our probate specialists can walk you through the process with ease.
We Aren't Afraid Of Tax Issues
Estate taxes and the federal laws surrounding life insurance policies, retirement accounts and other assets can be confusing. At Peck Ritchey, our probate attorneys in Chicago are experts at
taking an estate successfully through the complex maze of potential tax issues, protecting the estate from excessive taxation so that the heirs aren't expected to pay a heavy penalty or excessive taxes.
Proper Interpretation Of The Will Is Critical
Handling someone's estate also means seeing that their last wishes are carried out properly. This can be an emotionally draining process, particularly if the person who passed away didn't outline those wishes clearly. If the will has numerous stipulations or is unclear about certain aspects of the estate, it's best to consult with probate lawyers. Peck Ritchey's Chicago attorneys have handled hundreds of estates and are proficient at interpreting and carrying out the wishes outlined in even the most convoluted wills.
Distributing The Estate At The Proper Time
Most people want to jump the gun on distributing an estate because they are looking forward to a financial windfall or receiving items of sentimental value. At Peck Ritchey, however, our probate lawyers in Chicago know that early distribution can lead to a variety of problems, including leaving the executor of the estate with responsibility for outstanding debts or obligations that should be covered by the estate. We'll make sure that all obligations are properly discharged before we distribute the estate in order to protect the heirs as well as the executor.
We understand that as the executor of a loved one's estate it can be difficult to handle every detail. That's why working with one of our probate lawyers in Chicago is such a good idea. We'll handle the details so that you can mourn the loss of your loved one without neglecting the estate or its heirs. Call us today at 312-201-0900 to discuss your estate or that
There’s never a good time for family disputes, but after the death of a loved is certainly one of the worst times. Many families find the probate period extremely stressful, particularly when there is a disagreement over the terms of a will. Family members may be contesting the will because they feel they’ve been treated unfairly or because they honestly believe the estate isn’t being handled properly. Regardless of the reasons, a family feud can quickly escalate. If you’re handling an estate in Illinois, hiring Chicago probate attorneys to handle the estate is the best option when things get heated.
Are The Claims Real?
Chicago probate attorneys often see cases in which one child or grandchild threatens to contest a will immediately after it is read to the heirs. Often times this is simply a knee-jerk reaction based on their disappointment and the sorrow of losing someone they cared about or a feeling that the estate was distributed unfairly and they deserve more. In these situations, Chicago probate attorneys may not be needed, although a consultation with an attorney is always a good idea.
How Much Is Being Disputed?
The larger the estate, the more often Chicago probate attorneys are needed. It’s simply human nature. Greed increases in proportion to the size of the inheritance, and many families who have gotten along fine for years will suddenly turn against each other if a significant amount of money or property is at stake. Individuals are more likely to put serious effort into contesting a will if they feel that they could end up with a significant amount of cash.
Who Is Handling The Probate Process?
If you are designated as the executor of the will, you will be responsible for monitoring the division of assets. This is a difficult and sensitive situation and you may feel a bit overwhelmed. Hiring Chicago probate attorneys to walk you through the process is one way to protect yourself and see that the probate process is handled properly.
Chicago probate attorneys can advise you on proper legal procedures and make sure that all legal deadlines are met. Handling the probate process is an important responsibility, and you can be subject to legal consequences if you don’t handle the estate correctly. If there are any questions at all about the terms of the will, hiring Chicago probate attorneys will protect you as well as the estate. The cost of hiring probate attorneys is minimal compared to the peace of mind you’ll have knowing you have qualified legal representation.
Some disputes seem inconsequential at first, causing executors to delay in hiring probate attorneys. Unfortunately, even seemingly small disagreements can quickly escalate after the death of a loved one. Hiring probate attorneys before the situation becomes too difficult is the best course of action for everyone involved.
If you are administering the estate and have never handled a probate matter before, hiring probate attorneys can come as quite a relief. You won’t have to worry that you’ve missed a deadline or whether you’ve filed anything incorrectly. Of course, if you’ve already filed paperwork improperly or made other errors before you hire probate attorneys, the cost and time involved in settling the estate will increase. For this reason, it’s best to hire probate attorneys early on.
Hire Chicago Probate Attorneys If You Aren’t Confident Every Step Of The Way
It’s tempting to tell yourself that you can handle the estate, but even minor details can cause significant headaches during the probate process. You’re taking a risk every step of the way if you aren’t familiar with the legal process or there are questions about the will. Good Chicago probate attorneys will clarify each step in the process and smooth the way for you in court. If the will is contested in court, you’ll have the advantage of working with attorneys who are familiar with the estate and the court system. Chicago probate court can be intimidating; having legal counsel you’re comfortable working with is important.
The death of someone you love is always stressful. You can reduce your stress level and avoid unpleasant complications by hiring probate attorneys at the beginning of the probate process.