A probate lawyer is a type of lawyer who specialises in probate law. This involves laws and regulations that govern estate administration, especially when one passes away. Probate lawyers in Brisbane handle issues related to distributing the estate or estates of deceased persons. This ensures that the wishes outlined in the will are met according to the legal requirements. Therefore, probate lawyers are as important as other types of lawyers you may hire.
What is The Role of Probable Lawyers in Brisbane?
Probate lawyers in Brisbane have several roles they play, which include;
- Offering legal advice and counsel on estate planning
These lawyers help individuals plan their futures by offering them legal counsel and advice on the best estate planning strategies. Also, they help their clients draft documents like trusts, wills, health care directives, and powers of attorney. Since these lawyers take time to understand their client’s financial circumstances, they make sure that they help them draft accurate documents.
- Handle any probate proceedings
After one has passed, it is the role of the probate lawyers to guide the personal representatives of executors through the probate process. During this process, they also play other roles like filing petitions, compiling an inventory, obtaining appraisals that help them determine the assets and value, notifying beneficiaries and creditors, and distributing assets .
- Resolving disputes
If disputes arise during the probate process, the probate lawyers will help the parties resolve any disputes.
- Tax planning and minimisation
The taxes of an estate may impact the value of the estate and the amount a beneficiary is inheriting. A probate lawyer will come up with strategies that will reduce estate taxes.
Protect personal representative and executor
Personal representatives and executors are responsible for ensuring they manage the estate’s assets efficiently on behalf of beneficiaries without forgetting their interests. This can be done very peacefully without causing any disputes. However, the probate lawyer will protect these individuals from any personal liabilities if there is a dispute.
Instances You Should Hire Probate Lawyers in Brisbane
In case you find yourself in the following situations, then you should look for your probate lawyer in Brisbane;
- Your loved one or ones have passed away
In case someone has passed away and they have left assets that need to be distributed to their heirs or beneficiaries, you need to hire a probate lawyer. During this time, the probate lawyer will navigate the complex probate law process on your behalf to ensure that the deceased’s wishes are respected. They also make sure that the assets left behind are distributed appropriately.
- You have complex and high-value estate assets
If you are dealing with large estates, which include complex and huff value assets like real estate holdings or businesses, it is a sign that you should hire a probate lawyer. Also, having a probate lawyer is crucial if multiple beneficiaries are involved. This is because the probate lawyer can manage the complex financial matters, legal issues and tax implications related to these high-value and complex assets.
- Disputes among heirs or beneficiaries arise
If disputes arise between beneficiaries or heirs disputing over the validity of a will, hiring probate lawyers is the best thing to do in such a situation. This is because the probate lawyer can resolve these disputes using techniques such as litigation and negotiation. Since they have the interests of their clients to protect, they will ensure that the asset distribution is fair.
- You are an executor or personal representative
If you are an executor or personal representative, consider hiring an expert probate lawyer in Brisbane. The lawyer will offer legal advice, ensuring you fulfil your duties and navigate the legal requirements. Asli, the probate lawyer, will protect you from liabilities, mainly if a dispute arises.