Probate lawyers assist executors of wills and beneficiaries of estates in the probate process from identifying estate assets and beneficiaries to distributing the assets. If all the decedent’s assets are in a trust, it’s sometimes possible to avoid probate. A trust allows property transfers to be handled outside of court and legal proceedings.
A West Virginia probate law attorney can assist an executor and beneficiaries with the following tasks during the probate process:
If you are managing the estate of a deceased person, you may have questions. If you are questioning the validity of the will, the estate is large and complex, or the monetary value is high, you should hire a probate lawyer right away or the lawyer who helped the decedent write the will if they specialize in probate. A probate attorney can also provide you with legal advice should you need it.
You can dive right into the nuts and bolts of probate proceedings when you meet with a lawyer you’re considering hiring. Lawyers who handle a lot of probates usually have a preferred method of working and often start asking for documents and information immediately.
Ask as many questions as you can before hiring. If you intend to talk to multiple lawyers before hiring one for estate work, inform the attorney that you will ask them all the same questions, such as these:
In the event of a large estate, the complexity of the case is higher if you anticipate paying state or federal estate taxes. Here are some specific questions to ask:
The answers you receive from different people may surprise you.
Probate attorneys in West Virginia are typically more expensive than other options. They might be worth the extra money, especially if the will is complicated or the probate becomes confusing.
We are often faced with many tasks after a loved one passes away (dealing with finances, planning a funeral, and the probate process) that have nothing to do with grieving. Financial burdens can quickly mount.
Probate attorneys are often the most expensive part of the process for many families. Probate attorneys charge anywhere between $3500 and $7000 for a simple case. Probate costs are higher for complicated or contentious estates and probates involving estate litigation.
Depending on how they charge for their services, you may choose to work with an attorney or choose other options to reduce the cost of probate.
An estate administrator usually charges $250 to $310 per hour if they bill by the hour to handle the estate administration. Nearly one-third of all probate lawyers charge a flat fee for their services.
A probate court validates a deceased’s last will and testament as genuine, and you are appointed as the estate and probate trustee. Any executor should consider going to probate court if there is a will.
According to probate law, executors must apply to the court if a deceased person:
Probate is not necessary for all wills. Often, assets such as life insurance policies, stocks, and bonds, retirement plans, and other financial assets can transfer without probate court approval.