Probate Law

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Understanding Basic Facts about Probate Law

 

Many people tend to procrastinate when it comes to end of life Work Life Balance Signpost Showing Career And Leisure Harmony planning or getting their financial affairs in order in case of the unexpected. A Clermont Probate Attorney can explain the probate process and help you prepare a will and other estate planning documents that fit your needs.

Understanding the Purpose of a Will

There are many misconceptions out there about what a will is and isn’t. Generally speaking, a will is a document you can use to indicate your preferences about a variety of issues that may arise after you pass away. Some of the more important things you can accomplish with a validly drafted will include:

  • Naming a person as your personal representative (a/k/a executor) to handle your estate;
  • Expressing a preference for how you want your property distributed;
  • Naming a guardian for your minor children; and
  • Expressing a preference for your funeral or burial arrangements

It’s important to understand that the issues raised in your will must be acted upon by a probate court judge to take effect. Many people mistakenly believe having a will means you don’t need to go through probate. This is false.

Understanding When the Probate Court May Become Involved After Someone Dies

Generally speaking, when a person dies with assets in their name, a probate court becomes involved to distribute those assets. If there is a valid will, assets will likely be distributed according to its terms. If there is no will, assets will be distributed according to state law.

An estate planning lawyer can speak to you about your assets and goals and help you develop an estate plan that accomplishes what you want after you’re gone. Don’t put it off another day!

When you need help determining how best to plan for the unexpected when it comes to your financial matters, contact Merideth Nagel, P.A., Attorney at Law, an experienced Clermont wills and probate lawyer. Call 352-394-7408 or toll free at 877-580-6868 to set up an appointment. Serving Lake, Orange, Marion and Sumter Counties.

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