Photo Credit: Shalev Cohen (@shalevcohen) | Unsplash Photo Community
Probate Administration: Settling an Estate
No one particularly likes to think about their own mortality, but estate planning is a crucial part of family law that ensures your loved ones are taken care of after your death. Many of our clients are aware that they need to engage in estate planning, particularly if they have considerable assets. However, not everyone dies having prepared a will.
The lack of a will can complicate matters considerably for surviving family members. We are frequently approached by such relatives who, in the midst of their natural grieving process, have many questions about probate administration and settling the estate. It is often the last thing they wish to think about while they mourn their loved one. But it is an unfortunate necessity.
Here are some facts about probate administration that you might not be aware of.
What Exactly Is Probate Administration?
In the state of Michigan, probate is defined as the court process through which a deceased person’s assets are distributed. This can entail a variety of things, including gathering and distributing assets in accordance to the deceased person’s will—and paying debts and expenses.
It is very important to hire a responsible probate law attorney who can help you with the complex world of probate administration. He or she can also serve as an objective mediator in case heirs and beneficiaries become hostile towards each other.
Familial Conflict Amidst Grief
Following the death of a family member, emotions are running high and oftentimes deep resentments and conflicts arise during the estate administration process. This is not remotely uncommon. The division of assets can cause a great deal of stress on every member of the family.
This is particularly true when a deceased relative leaves behind debts. That party will have to pay the debt associated with the asset. It is only with the help of a trusted probate law attorney that such unfortunate circumstances can be mitigated.
If you are the relative of someone who is recently deceased, and you require assistance navigating the complicated probate administration process, contact a reputable probate attorney.
On the other hand, if you are considering putting together your own will, you are advised to do so as soon as possible. It is never too early, or too late, to contact a probate law attorney about estate planning.