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When individuals pass away, their property will be distributed through probate. But what exactly is probate? Who is involved, and how does it work? To help you better understand the probate process, the team at Lane, Felix & Raisbeck Co. L.P.A., a Cincinnati law firm, will explain  this common but often misunderstood legal event.

When someone dies, whether it’s a wrongful death or due to natural causes, probate is the legal proceeding that ensures any taxes, claims, and expenses owed are paid. How probate is carried out depends upon whether or not there is a valid will.

probate-Cincinnati-OHIf the deceased left a will, it typically names an executor; many people name an attorney or a close family member. An executor has a number of important responsibilities, including identifying and notifying beneficiaries, heirs, and creditors, collecting debts, paying taxes, obtaining asset appraisals, and filing distribution reports with the probate court. The probate court appoints an administrator to carry out these responsibilities when no will exists. Additionally, if there is no will, state law determines who the heirs are. If there are no complications, such as a will contest, the process is usually concluded within one year.

It’s important to be aware that probate does not cover all the deceased’s property. Some is excluded, such as retirement or insurance benefits when there is a named beneficiary, trust property, and real estate held as joint tenants with right of survivorship. These properties pass to the named person directly without probate, and an attorney will help you prepare any transfer documents you need.

When you need assistance with probate matters, count on the attorneys at Lane, Felix & Raisbeck Co. L.P.A. to provide you with sound advice. They understand how hard it is to lose a loved one under any circumstances, and especially due to a sudden or wrongful death. That’s why they always incorporate compassion into their skilled legal representation services.

For experienced probate counsel, turn to Lane, Felix & Raisbeck Co. L.P.A. in Cincinnati. Call (513) 922-7700 today to schedule your consultation appointment, and visit their website to learn more about their services.

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