For any executive, going through the probate process is quite time-consuming and complicated. If you are the in-charge of fulfilling the last wish of the deceased, you may be looking for ways to make sure that the assets are calculated, liabilities are settled.
The rest of the property is distributed among the beneficiaries. The entire process can take a few months or a few years. Therefore, it is better that you hire the services of the best probate lawyer in Atlanta.
Given below are some of the questions that you may ask before you hire one:
1. What’s the Size of the Estate?
In each state, the definition of the size of the estate is different. For example, if the value of the real estate is not more than $150,000, simple probate is needed. The good thing about simple probate is that it can save a lot of time and money.
2. Does the Estate have Enough Money to Cover the Debts of the Deceased?
In an ideal situation, the will has plenty of asset resources in order to offset the debts of the estate. However, this is not the case with every estate. After taking inventory of assets and other property, there may not be enough money left to cover the taxes and debts of the descendant. Therefore, you may want to get expert advice before you make payment to other creditors.
According to state laws, creditors are paid on a priority basis which is why you may want to get help from a probate attorney. They know much better how to distribute the money in an efficient way.