Chicago IL Probate Lawyer: Do You Need One?
There is going to come a time in everyone’s life where they have to decide whether or not they need to hire a Chicago IL Probate Lawyer. Naturally, this decision is made easier if you know exactly what a probate lawyer is. A probate lawyer is the individual who would be responsible for reading your will and handing your assets out to your friends and family members in probate court. It is not uncommon for someone with a lot of expensive assets to have a probate lawyer to ensure that the family does not fight over their assets after they are gone.
Can Their Assets Be Transferred Without Going Through Probate?
Whether or not an individual’s assets can be transferred without going through probate court really depends on how much planning they did while they were alive to avoid needing a Chicago IL Probate Lawyer. The ideal situation would be for all of their assets to be able to be transferred to their new owners without having to go to court; however, that is not always the case. If the deceased individual has a living trust or a person they named beneficiary then they would not require the services of a probate lawyer.
Are The Family Members Getting Along?
The unfortunate truth is that death tends to bring out the worst in people. This is especially true if the deceased individual had a lot of property or a lot of money. Probate lawsuits are going to tear your family apart and they are going to end up eating up a lot of the money. You are going to want to contact a lawyer as soon as possible if family members are fighting over the estate.
Things are going to get a great deal more complicated if your loved one happened to be the owner of a business or any commercial real estate. If you find yourself in that situation reaching out to a lawn firm such as Law Offices of David Blocher in order to consult with a probate lawyer is going to be the best thing you can do to handle the special situation.