Counsel & Advice From Top New Mexico Estate Planning & Elder Law Attorney
Probate services refer to the legal services provided to individuals or families involved in the administration of a deceased person’s estate. These services typically involve the court-supervised process of distributing the deceased person’s assets and properties to their beneficiaries or heirs according to their will or state laws if there is no will. Probate services may include drafting and filing legal documents, representing clients in court, resolving disputes between beneficiaries, managing estate assets, and advising clients on tax implications and strategies for asset protection. The goal of probate services is to ensure that the estate is distributed in an orderly and fair manner while minimizing costs and maximizing the value of the estate for the beneficiaries. Probate services are often provided by lawyers, but may also be provided by other professionals such as estate planners or financial advisors.
Get the help you need and contact us today!
An executor is the person whom you name to handle the settlement of your estate after you die, taking your estate through probate, a court-supervised process that winds up your affairs in the state where you were living at the time of your death.
Your estate plan should certainly be revised, if you have gotten married or divorced.
What will happen to your assets when you can no longer manage them?
According to a recent Gallup poll, a little over half (54%) of adults in America don’t have a will.
A person named as a transfer on death (TOD) beneficiary for an account will receive the assets held in it when the account owner dies.
Estate planning is always a difficult subject to deal with, because who wants to arrange things for when they die?
When you draft your will, you should name an executor.
Ben Franklin once said, ‘… nothing can be said to be certain, except death and taxes.’ For all certainties in life, the best thing you can do is plan for their eventual occurrence.
It is quite a tragedy when a loved one passes away. You may want to remember them by keeping sentimental objects from their home, or perhaps they wanted you to inherit a specific item.
Amid the grief of losing a loved one, families are dealt additional burdens when the person did not leave behind a will or estate plan.
