If one of your loved ones has recently died and appointed you as the executor of their estate, it is totally normal to feel overwhelmed and like you do not know what to do first. This is a big job, and when it is entrusted to you by someone you love, you will want to make sure you do a good job and ensure that their wishes are followed the way they wanted them to be followed. While you may be able to settle their estate without professional help, there are a number of reasons why hiring a great probate lawyer is a good idea. If you have any questions about what you are doing, then you are going to want some professional help.
The Family Is Fighting
Unfortunately, it’s very common for family members to not get along after a loved one has died, and if you are acting as executor of the will and estate, you are most likely to come under fire for the decisions you make, even though you will be following the deceased’s wishes. If your family is talking about contesting the will or are fighting about what the will says, it will greatly benefit you to looking into hiring probate lawyers in London who have experience not only with dealing with unhappy family members, but also with carrying out the wishes left behind.
There’s a Business
Sometimes estates are very straightforward and do not take a lot of work or concentration to settle, but if there is a business in the estate, it suddenly becomes much more difficult. Businesses will need to be sold, transferred, or closed, according to the will, and a professional lawyer is the best person to help with that kind of job.
There’s a Lot of Outstanding Debts
There are times when there is not enough money in the estate to settle any debts that the deceased had. If there is enough money, then it is often simple enough to settle the estate, but a lack of money make things much more difficult, as someone will have to decide what debts get paid and what will happen to the rest of them. If you find yourself in this situation and aren’t sure which creditors should receive priority, you will definitely want to hire a professional to help you.
Even if the will you have seems to be fairly straightforward, if you have any questions about what you need to do or the steps you should take first, it’s smart to get advice from a probate lawyer. They are the only ones who will know for sure what needs to be done to correctly settle the estate and will be able to help you navigate difficult decisions and discussions with family members, creditors, and business partners.