When someone passes away, there are many things that may happen to their possessions immediately following the death. However, unless an estate planning has been created to keep all possessions and finances within an established trust, the decedents possessions and their finances will need to go through the probate process. This is one particular issue that may require someone who handles Probate Law in Wayne NJ, to help friends or family members navigate the probate process.
A person who has a last will and testament has clearly identified their wishes in terms of their possessions or the financial worth of their estate. However, in estate planning that doesn’t involve trusts, an executor of the decedents estate will likely be named. Often times, this person is a spouse or a family member of the decedent.
The problem with naming a person such as this as the executor of the estate is that the probate process can be extremely complicated. It can involve a great deal of work, a great deal of stress and, usually, when a person is grieving the loss of their spouse or a close family member, the last thing they want to deal with is the aggravation and the confusion of the probate process.
Sometimes, a person will name an attorney as the executor of their estate. In other instances, if they’re absolutely certain they want a spouse or family member to be the executor of the estate, they will make arrangements for a probate lawyer to be retained upon their death to help family members through this process. The process can be rather long and drawn as it requires evaluating the estate, paying the estate’s existing debts, and then dispensing the assets of the decedent according to the last will and testament.
If you’re planning your estate, whether you name an attorney as the executor or you’re more comfortable with a family member overseeing your estate, it’s best to seek the assistance of an attorney that handles Probate Law in Wayne NJ. With attorneys like you’ll find at Larrygoodmanlaw.com, you can plan for the probate process and help the executor of your will be as prepared as possible so that, during the probate process, things will go as smoothly as possible and the settlement of the estate will go off without a hitch.
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