12Law Arrow 12Law Arrow  Easy Questions  
12Law Arrow 12Law Arrow Instant Legal Documents
 
 
FINANCIAL & MARITAL

Cohabitation Agreement coming soon!
Separation Agreement coming soon!
No-Fault Divorce coming soon!
Bankruptcy coming soon!
 
 

Do I Need a Probate Lawyer in Fedscreek, KY

Do I Need a Probate Lawyer in Fedscreek, KY


When the time comes to die, make sure that all you have to do is die!
 
- Jim Elliot


Probate is the process that occurs after an individual passes away. It involves distributing assets and taking care of any debts. This process happens regardless of whether or not there is a Last Will and Testament.

A probate lawyer is an estate or a trust lawyer that can help manage the filing of the last testament or will of a deceased individual. Probate attorneys can also help create a Last Will and Testament and can assist with trust planning (including Living Trusts) as well as powers of attorney and medical powers of attorney. They can assist the executor of the will with preparing and filing of all documents required by a probate court.

Some people do estate planning on their own and others get legal advice from a probate or trust lawyer. As the executor winds up an estate, they may want legal advice from an experienced lawyer who is familiar with both state law and how the local probate court works. However, not all executors feel the need to hire a probate lawyer. If the estate doesn't contain any unusual assets and isn't too large, the executor may be able to complete the task without a lawyer's help.

Several factors may help an executor decide if they need the help of a probate lawyer. Was there any probate-avoidance estate planning? Assets can be transferred to their new owners without probate court if they are held in joint tenancy, survivorship community property or transferred to a Living Trust. Probate is also unnecessary for assets for which the deceased person named a beneficiary—for example, retirement accounts or life insurance policy proceeds.

Things get more complicated when an estate includes a business, commercial real estate, or any other asset that requires special handling. You may want to consult experts if you need to manage, appraise, or sell a business.

If there's enough money to pay off debts (taxes, medical expenses, funeral costs, credit card bills, mortgages, car loans, etc.), with some left over for beneficiaries, you won't have to figure out which debts to pay. If your initial investigation reveals that there may not be enough money in the estate to pay debts and taxes, don't pay any bills before you get legal advice. State law gives some creditors priority over others.

Today, more than 99.7% of all estates don't owe federal estate tax. There's also a very small chance that the estate will owe estate taxes to the state. You may need expert legal and tax advice if the estate is large and must file an estate tax return, either with the IRS or the state taxing authority.

Many states offer small estate procedures such as summary probate and an entirely out-of-court process that requires presenting a sworn affidavit to the person or institution holding the asset.

Are family members talking about suing over the estate? Probate lawsuits tear families apart and can drain a lot of money from the estate in the process. A lawyer may be able to help the executor avoid a court battle or to deal with it if it is unavoidable.

Only you can decide if hiring a lawyer is right for you. Check out 12Law.com for listings of lawyers in your neighborhood.
 
Personalize & Print a Free KY Last Will Create This Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
 
Personalize & Print a Free KY Living Trust Create This Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
Page 11
Page 12
Page 13
Page 14
Page 15
Page 16
Related Legal Services near Fedscreek, KY
Moon Emily Knox
130 N Hamilton St # 202
Georgetown, KY 40324
(502) 868-6788
Attorneys,  Elder Law Attorneys,  Wills, Trusts & Estate Planning Attorneys,  Corporation & Partner
Mattox Jeremy M PLLC
102 E Main St
Georgetown, KY 40324
(502) 867-6766
Attorneys, Employee Benefits & Worker Compensation Attorneys, Family Law Attorneys
Duncliffe Law Office
107 N Hamilton St
Georgetown, KY 40324
(502) 863-6263
Personal Injury Law Attorneys, Attorneys, Criminal Law Attorneys
Rawdon Richard M Jr Atty
847 Duvall Station Rd
Georgetown, KY 40324
(502) 535-6198
General Practice Attorneys, Attorneys
Simon Brandi
147 S Broadway St # 4
Georgetown, KY 40324
(502) 542-6177
Attorneys, Family Law Attorneys, General Practice Attorneys, Legal Service Plans
Wright Joseph A
110 E Main St
Georgetown, KY 40324
(502) 863-6011
Bankruptcy Law Attorneys,  Attorneys,  General Practice Attorneys,  Real Estate Attorneys,  Wills,
Carroway Carolyn
1221 Lexington Rd
Georgetown, KY 40324
(502) 863-5856
Elder Law Attorneys,  Attorneys,  Wills, Trusts & Estate Planning Attorneys,  Family Law Attorneys
David Higdon
111 N Hamilton St Ste 4
Georgetown, KY 40324
(502) 863-5515
Adoption Law Attorneys,  Attorneys,  Family Law Attorneys,  General Practice Attorneys
Simms, Harold F Atty
112 N Court St
Georgetown, KY 40324
(502) 868-5300
Attorneys, Real Estate Attorneys
Cornett, John E
112 N Court St
Georgetown, KY 40324
(502) 868-5300
Social Security & Disability Law Attorneys, Attorneys, Criminal Law Attorneys, Employee Benefits & W
Bush Bing I Sr Law Offices PSC
213 E Main St
Georgetown, KY 40324
(502) 863-5066
Attorneys, Criminal Law Attorneys, General Practice Attorneys, Legal Service Plans
Morgan Law Office PLC
130 N Hamilton St # 101
Georgetown, KY 40324
(502) 570-4701
Accident & Property Damage Attorneys, Attorneys, Patent, Trademark & Copyright Law Attorneys
Horn Law Office
PO Box 2148
Inez, KY 41224
(602) 888-4676
Criminal Law Attorneys,  Family Law Attorneys,  Real Estate Attorneys,  Attorneys,  Commercial Law A
Larry Jordan
15810 Highway 32
Blaine, KY 41124
(606) 652-4585
General Practice Attorneys
Lankford & Lankford
300 E Main St
Georgetown, KY 40324
(502) 863-4567
General Practice Attorneys, Attorneys, Legal Service Plans
Roger Michael Law Office
147 E Main St
Georgetown, KY 40324
(502) 867-3937
Attorneys,  Accident & Property Damage Attorneys,  General Practice Attorneys,  Legal Service Plans
LaBach Law
321 E. Main Street
Georgetown, KY 40324
(502) 867-3816
Bankruptcy Law Attorneys,  Civil Litigation & Trial Law Attorneys,  Criminal Law Attorneys,  Family
John Kirk Law Offices
PO Box 246
Inez, KY 41224
(606) 298-3575
Attorneys,  Accident & Property Damage Attorneys,  General Practice Attorneys,  Legal Service Plans
Ashley Larmour at Larmour Law Offices PSC
102 E Main St Ste.7
Georgetown, KY 40324
(859) 537-2879
Personal Injury Law Attorneys, Civil Litigation & Trial Law Attorneys, Criminal Law Attorneys
Litteral Stephanie
126 E Main St # 6
Georgetown, KY 40324
(502) 863-2220
Family Law Attorneys, Attorneys
Marshall Rand L
198 E Washington St
Georgetown, KY 40324
(502) 863-1494
Attorneys, Legal Service Plans
Cam Culbertson
198 East Washington Street
Georgetown, KY 40324
(502) 863-1100
Attorneys
Feagan Law Office, PLC
102 E Main St
Georgetown, KY 40324
(859) 954-0523
Attorneys,  General Practice Attorneys,  Family Law Attorneys,  Wills, Trusts & Estate Planning Att
Eric Mills
1836 Main St
Inez, KY 41224
(606) 298-0503
Attorneys, Legal Service Plans
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US