There are some individuals, typically wealthy individuals, that are able to plan their estate in such a way as to avoid the probate process after they pass away. However, most people, even some of the wealthiest individuals, will still have their estates subject to probate after their death. This is one of the main reasons why individuals planning their estate will take the extra steps to work directly with an attorney that is familiar with probate law in Chicago.
Minimize the Impacts of Probate
Working with an attorney that understands probate law is beneficial in a few different capacities. The first is that they will understand the process of probate and they can help the estate executor as well as the estate owner to prepare for this eventuality. For example, paying off debt or acquiring life insurance policies that are payable to their individual beneficiaries can help the process of probate move along. Since probate is known to be a lengthy and sometimes expensive prospect, especially for large estate owners, doing these things ahead of time can help move the probate process along rather quickly.
Assisting the Executor
Another benefit to an attorney that understands probate law in Chicago is that upon the estate owner’s death, the legal assistance for the executor, who is responsible for the estate during probate, can be named ahead of time. In most instances, the executor will receive legal advice from a probate attorney during the probate process. In many cases, the executor has never gone through this process before and having legal advice, such as what one may find at the law firm of Starr, Bejgiert, Zink & Rowells can prove to be invaluable. With the lengthy and complicated legal process of probate, an executor without any legal experience will rely heavily upon a previously appointed probate attorney.
There are more benefits to working with an attorney for probate law that could ever be mentioned in such a limited article. However, if you are planning your estate, and you want to make sure that your executor has the best advice during the lengthy and complex process of probate, working with a probate attorney today as well as enlisting their services after you passed away is the responsible thing to do for your family. Like us on Facebook.