Dealing with the death of somebody dear to you can be described in countless different ways but most of all, it is a big cause of emotional trauma. And on top of all the grief you will need to deal with, losing somebody close to you is usually accompanied by an assortment of legal and financial issues you’ll have to handle.
Dealing with the loss of someone is hard enough on its own but managing the legal steps to get matters in proper order is necessary and will need to be done eventually. If you have been named as the representative in the will, the first thing you will need to take care of would be all personal belongings; things like furniture, paintings, silverware, dishes, and other valuables.
Once that is done, you can safely allow yourself some time to grieve properly. All financial matters, including bills can wait for a few weeks without incurring any major problems. The most important thing is to give yourself time to grieve and come to understand your new situation. Only begin taking on the necessary legal steps once you are prepared to do so.
Once you’re ready, set up a meeting with your attorney and they will walk you through the necessary steps to carry out the legally binding will. Estate planning laws can differ depending on what state you reside in but the essentials include:
- Preparing a list of all assets. This includes all finding everything the deceased owned and present the inventory in court.
- File the will in a probate court so as to be officially appointed as the executor.
- Deal with any existing taxes and bills. Should there be an estate tax return that is due, you have to file it within 9 months of date of passing.
- Prepare to allocate property to all the heirs. Most executors usually do not pay out all the estate assets as they wait for the period for creditors to make claims to expire. This can take up to a year.
- The last step is to file an account with the court that lists any income to the estate upon the date of death as well as all expenses and estate distributions.
Planning what will happen to all your valuables in the future is serious business. Do not settle for just any legal representation. Look for the King of Estate Planning Lawyers in your area. A good estate planning lawyer can make the whole ordeal much less hectic and more orderly. They can help draft wills and plan out the most beneficial way to come out of it all. Experienced estate planning lawyers can ensure that all the necessary steps are taken to minimize costs and keep stress levels generally lower. When having to deal with legal matters along with the death of a loved one, having somebody to guide you through the paperwork and legwork will make things much easier to handle.