When representing a Personal Representative of an estate, the probate lawyer will advise and assist with the following:
1) Locating and securing both probate assets and non-probate assets.
2) Settling disputes among Personal Representatives and beneficiaries.
3) Determining if any estate taxes and/or inheritance taxes will be due at the federal and state levels, and, if so, then figuring out where the cash will come from to pay the taxes. You may popover to http://www.lawbh.com/ventura-probate-administration-attorney/, if you want to know more about elder law lawyer.
4) Rolling over and making appropriate elections with regard to retirement plans, including IRAs and 401(k)s.
5) Obtaining date of death values and appraisals of all of the decedent's property.
6) Preparing and filing all documents required by the probate court in a timely manner.
7) Collecting life insurance proceeds.
8) Keeping track of the estate checking account.
9) Addressing income tax issues.
10) Advising on the payment of the decedent's final bills and outstanding debts.
11) Assisting with the sale of estate property.
12) Requesting court permission for various actions as required by applicable state probate laws.
13) Retiling the decedent's real estate into the names of the estate beneficiaries if it is not being sold.
14) Distributing what's left of the decedent's assets after the payment of bills and taxes to the beneficiaries.