What is Probate?
It is common for people to draft wills prior to their death to ensure their loved ones are financially secure following their passing. This is a kind and considerate gesture, but before people can have access to whatever property and assets that have been willed to them, or what they feel should have been willed to them, probate will need to be granted. In other words, it will need to be proven that the decedent's will is valid.
A probate attorney from Key Law, LLC is here to help when you are planning to file a petition with the Alabama probate court.
What Happens During the Probate Process?
The probate process can go quickly, but it can also be lengthy, depending on the circumstances. The ultimate goal of this process is to distribute the decedent's assets according to his or her wishes or the state's laws, and there are several responsibilities the petitioner will have to take on if probate is to be granted, including:
- Petitioning for appointment of an executor or administrator, which is based on the will or the courts.
- Transferring ownership of property and assets, which is based on the will or laws of the state.
- Appraise decedent's assets and property.
- Pay decedent's debts and taxes.
Does Your Loved One's Estate Qualify for Probate?
Not all estates qualify for probate, which means people will be able to settle their loved one's estate in a more timely manner. This is dependent upon the size of the estate, and is typically available for what courts consider "small estates."
Know the Laws in Your State
Not all states have the same laws regarding wills. What may be the law in one state is not always the same in another, so when planning for the future, it is important that people understand how legal matters are handled in Alabama. For example, a lot of people choose to write their own wills, but htese will will be considered invalid. Should a will be absent or considered invalid, property and assets are at risk of being distributed according to Alabama law rather than the wishes of the deceased.
Probate attorneys from Key Law, LLC are familiar with laws regarding this specific legal matter, so they can guide and advise clients during the process.
How can a Probate Attorney Help?
Proving your loved one's will can be a challenge, but you do not have to fight the battle alone. Attorneys can assist you with much more than just the probate process. When hiring an attorney from Key Law, LLC, clients can expect guidance and assistance with:
- Property appraisals
- Settlement of debts
- Estate taxes
- Life insurance proceeds
When a person has laid out a plan for his or her estate, it is important that those wishes are carried out. Even if there is no will, many people will want to have their loved ones taken care of financially.
Contact Key Law, LLC today to speak a skilled attorney who can assist you during the probate process.