When a loved one dies, there’s a complex process involved in processing their estate before their heirs can receive their inheritances. This process is called probate, and it involves taking an inventory of the assets included in the estate, liquidating assets, and paying off debts and estate taxes. The probate process can take several months to settle, but a probate attorney in Atlanta, GA, can help expedite this process in the following ways.
Identify Assets Included in the Estate
While some assets, such as automobiles, real estate, and jewelry, will be easy to identify, other assets may not be so simple to locate. An attorney can gather documentation related to investment accounts and other assets that aren’t as tangible. This will help you create a more complete inventory of assets in less time.
Assist With Settling Debts
The executor will be responsible for notifying creditors of the individual’s debts and providing an opportunity for each creditor to submit a claim against the estate. A lawyer can help with this process by identifying each of the creditors with active debt claims against the decedent. A lawyer can also help you submit payments faster to help reduce the amount if time the estate remains in probate.
Settle Estate Taxes
A probate attorney in Atlanta, GA, can also be helpful in settling any taxes owed to the government. When someone dies, the estate is taxed and a final income tax filing is required. Your lawyer can help reduce what the estate may owe, and they can help you submit those payments properly.
If you need help handling the probate process after the passing of a loved one, contact Wills & Probate Express by RS Johnson Legal, PC via their website at Sitename.
