Probate lawyers play an important role in estate planning and settlement. Individuals seek the help of probate lawyers to fulfill their last will. When it comes to real estate and other properties, money, after the demise of a loved one, problems do crop up. It happens mostly in cases where no will has been left behind. Therefore, one is always suggested to go for probate. However, in the case of probating a will as well certain heirs do try to make the process complicated. To avoid all such difficulty and trouble at the time of grief, seeking the support of a probate lawyer is highly advisable.
Here are few problems which a probate lawyer would like to help you with: –
- Many beneficiaries choose to alter the will. One of the reasons is that they don’t need it and they simply want to pass it on to their children. Another reason and most common one is that beneficiaries want to mitigate the inheritance tax.
When one inherits the property and money, a certain percentage of tax maybe payable on it when the title is transferred in the name of the heir. The issue is the percentage of the tax can be high and it depends on the amount that beneficiary has received. Whatever might be the reason of the alteration of will, if one needs this to be done then court approval is required for it and only a probate lawyer can help you with this.
- If someone has entered in a caveat then it should not be taken for granted. In fact, beneficiaries should seek legal assistance from a professional immediately. It is so because caveat is the first step towards contesting a will. If action is not taken immediately then execution of the will get further delayed.
- Joint inheritance is another major common problem. It arises because the property those children have inherited from their parents, they have a different opinion about it. For instance, one wants to keep the property, other wants to sell the same and third one wants to put it on rent. In such case, a probate lawyer can guide them with what will work in favor for all of them.
- If the property is located abroad then each country has its own principles and laws, a probate lawyer Brisbane will guide you the best in such situations.
New Way Lawyers is Australia’s first non-profit law firm. Our focus is clear i.e. to help people. Time is tough and everyone knows that and in this time we ensure to render you legal estate services without any intention of making any profit. Moreover, if you have doubt that we will compromise with quality or won’t take you seriously then all we can say is, try us and you will find out! Our probate lawyers aim to manage probate issues as per the deceased persons choice but if there isn’t any will then they will make sure that each heir gets a fair share of the estate.
To settle all your probate issues in a swift and less stressful manner, you can always contact us! For further details on our lawyers, services, vision and objectives please visit http://www.newwaylawyers.com.au/.