As your parents age, you may feel like your role is beginning to change. Not only are you providing them extra help, but you are the person they rely on with every minor and major decision they make.
Whether they are modifying a current estate plan or drafting their first one, your elderly parents may turn to you when working through the process. Your mom might ask what heirlooms are important to you, and your dad might discuss the upkeep of his classic vehicle he intends to leave to you.
While there can be some positivity to this process that is often emotional to work through, there are many serious and sometimes difficult decisions to make. Your parents might name you as their power of attorney, trustee and even personal representative. And when the time comes to act on these roles bestowed to you, you might be left with many questions and concerns.
Estate administration
At Aman Law Firm, we understand that the estate administration process can be challenging. You are grieving the loss of a loved one and attempting to navigate life without them when you are expected to take on a position that requires you to act with care and efficiency. Our attorneys are sensitive to this vulnerable time, using their skills and knowledge to aid our clients throughout the process.
In essence, the estate administrating process is relatively simple; however, there are many serious and time-sensitive matters to address. And if probate avoidance was part of the estate planning process, this could provide some ease to the process. Nonetheless, issues, disputes and contentions could arise. Thus, it is important to understand how to remedy these issues, and if necessary, move forward with probate.
Probate
Whether it was expected or not, going through probate can feel like a difficult and time-consuming task. As such, it might be necessary to seek legal guidance when it comes to overseeing the process or completing the necessary tasks. This could include satisfying any outstanding bills, debts and taxes, transferring assets to the named beneficiaries, the appraisal of assets listed in the estate plan, supervise any sales or resolving any will contests or disputes concerning the administration of the estate.