In the unfortunate event of losing a loved one, someone has the daunting task of handling the estate which can be time-consuming and a difficult process. However, when you have one of our experienced probate lawyers at Moorhead Real Estate Law Group on your side, we are here to guide you through this complex process. Our probate attorneys help personal representatives and executors through the probate process in Pensacola and the surrounding counties. Leave it to us to provide excellent assistance to you by helping prepare and file court documents, selling and distributing assets, and locating or notifying heirs.
Extensive Experience In Handling Probate Law
To get a better understanding of the probate process, it is essential to know what it is. Probate is the legal process that takes place after a person dies and involves the legal title of property transfer from one decedent's estate to the beneficiaries, all under the direction of the probate court.
Once an individual has passed, the administrator or the executor files papers in the county where the deceased lived. At this point, they are to present a list of the decedent's property, the inheritor, and debts to the court. Notification is then given to the creditors and relatives of the person deceased. After the proper steps are taken, the court will issue an order in which the transfer of the probate estate is given to the recipients. One of our Pensacola probate lawyers will be the representative of the estate when dealing with the probate court and have your best interest at hand.
When disputes arise regarding the disposition of assets and the rights of the beneficiaries to those assets, our attorneys will lead in the process to help you because we take every situation seriously with urgency and compassion.
When appointed as the Trustee, Executor or Administrator
There are specific steps a trustee takes in regard to furthering their power and objective of the trust they have been appointed to. For example, one of these powers would be the ability to open a bank account to use the funds to help pay for the expenses from the trust. Florida’s statute allows a trustee many different powers from buying, selling, borrowing, or mortgaging trust property for a period to prosecuting or defending an action, claim, or proceeding in any jurisdiction to protect the trust property. The trustee also has the ability to invest and purchase stocks, bonds, and more.
Is it Necessary to have a Pensacola Probate Lawyer?
It is not a requirement to have a probate lawyer, however, the probate process should be handled with an experienced probate attorney who understands the complex process. When personal liability becomes an issue because of failure to account for estate assets, you’ll want the assistance of a probate lawyer.
Our firm gathers a great deal of information and we routinely handle estates throughout Pensacola and the surrounding counties. We know how to assist our clients by providing full-service reinforcement or execution of important processes such as filing court documents, distributing assets, communicating appropriately with courts, and the list goes on.
Our offices in downtown Pensacola and Pace provide a comfortable and spacious environment in which we provide closing services for real estate transactions. Moorhead Real Estate Law Group is an approved agent for several major title insurance companies including First American Title Insurance Company, Chicago Title, and Westcor Title.
How does a Probate lawyer help?
Things To Consider When Dealing With Probate Law
As with everything, there are advantages and disadvantages to the probate process. Here are a few things to consider, starting with the items that would be in your favor.
Here are a few disadvantages to dealing with the probate process:
Depending on the state you live in, most have a fast-track or reduced probate process meant for the qualifying smaller estates. In this case, the probate process can be presented to a court administrator instead of going to the probate courts to save on cost and the time spent.
Being Well educated on Probate
When you reach out to the legal team at Moorhead Real Estate Law Group, our probate attorneys can educate you about trusts, titling properties, and the beneficiary designations. Though it may be the best option to avoid probate to settle an estate, we can direct you in making the clearest and most logical decision for your estate.