Estate Administration Lawyers in Raleigh Making Estate Administration Easy for You
Being in charge of the administration of an estate can be challenging, to say the least. With so many responsibilities on your shoulders, and potentially many people relying on you to do your duties, it is important to ensure that you administer the estate as efficiently as possible to avoid any issues. In fact, if you are incapable of correctly administering an estate, you may be liable for any errors that you make during that process. With so much pressure weighing you down, you may need a lifeline to make sure all the affairs of your estate are settled. That is where our law firm can make your life easier. Our team of estate planning lawyers is well equipped to support you as you embark on your estate administration responsibilities. Avoid the many pitfalls of estate administration by contacting Thomas-Walters, PLLC today to see how we can help make your life easier.
What Goes into the Estate Administration Process?
Estate administration consists of managing the various parts of an estate, including paying off any debts to creditors, paying taxes on the estate, and distributing the remaining assets of the estate to the beneficiaries. Estates, depending on their size, can be incredibly complex to manage. On top of the overall size of an estate, if there are many beneficiaries listed in a will, it can be difficult to properly manage without making mistakes. An estate administration attorney can make your life easier, especially when issues arise. Whether these issues pertain to disputes raised between beneficiaries or problems with the validity of a will, an estate administration lawyer can ease your mind and unburden you of some of the responsibilities left for you.
What is an Executor?
Every estate should have a designated person that is responsible for managing the estate. This person is called an executor. If you are an executor, properly administering the estate you are responsible for is your fiduciary duty, meaning if you do not act in the best interest of the estate and the beneficiaries of it, you may be liable to have legal action taken against you. Even an honest mistake can put you at risk of breaching your fiduciary duties. It is important to take these matters seriously for the benefit of all involved in the estate. With the help of an experienced estate administration attorney, you can protect yourself from any potential legal action by having our lawyers guide you through each step of the estate administration process. If any troubles or issues come up, our lawyers can provide you with the answers you need to keep your estate running smoothly.
What are the Benefits of Hiring a Lawyer for Estate Administration?
It can be a tall task to properly administer an estate. Because wills are often invalid or not updated properly, the beneficiaries of your estate may feud against each other to ensure they get what they think they deserve. Hiring an estate administration lawyer to handle any conflicts as they arise can not only take the burden off of your shoulders and effectively resolve any disputes but can also protect you from breaching your fiduciary duties to the estate and beneficiaries. Meeting deadlines, dealing with probate, paying taxes on property and assets, and settling any outstanding debts can be an enormous undertaking without the right support on your side. Let us help you with your estate administration to make the process less burdensome for all involved.
Do I Really Need a Lawyer for Estate Administration?
Although hiring a lawyer for estate administration isn’t required, hiring one can prove to be extremely beneficial if you are the executor of an estate. With so many responsibilities and so many people depending on you to do your duties correctly, administering an estate can be incredibly stressful. Get the help you need to perform your duties correctly with our law firm. With years of experience, we know how to handle estate administration issues with ease, giving our clients the knowledgeable guidance they need to tackle their estate with confidence. Give us a call to schedule a consultation today at (919) 424-8277.