Handling An Estate After A Death
When a loved one passes away, you can face logistical challenges on top of emotional turmoil. There are a lot of moving parts, and it can be hard to focus while mourning a loss. Having a knowledgeable lawyer that you can trust is of the utmost importance. Foster Law, PLLC, has years of experience handling these types of cases, and can help your family when you need it most.
Settling A Person's Affairs
After a person dies, their estate needs to be collected and managed. A personal representative, also known as an executor, must assemble all the assets, pay bills and distribute any assets that are left over. This is an important role, and having someone you trust is imperative. This person will usually be named in the deceased person's will; however, if one is not named, then the court will pick one. This person has the responsibility of making sure that money and properties are handled correctly.
Probate Is Not Always Necessary
While probate is useful, it can be a long and expensive process. Setting up certain trusts can help you avoid parts of the probate process, and help to facilitate a transfer of assets. Establishing joint property and making gifts of property and money can also help a family avoid probate after the death of a loved one. It is important to know, however, that you can only give a certain amount of money as a gift tax-free. Our firm can help you make an estate plan before the death of your loved one that best protects your family.
Call An Attorney Today
If you or a loved one wants to discuss estate planning, estate administration or probate, do not hesitate to contact our office in Fayetteville, North Carolina. We understand that this is a serious matter that needs to be handled with care. Contact us today for a free consultation at 910-600-0149 or fill out our contact form.