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Wills and estates law is exceedingly complex, particularly for first-time executors. To this end, the seasoned legal team at the Law Offices of Charles P. Dargo, P.C., go above and beyond when meeting the needs of clients in DeMotte and Monticello, IN. This entails providing dependable legal advice, while also offering tips to first-time executors who have concerns over the process.

5 Common Wills & Estates Concerns Explained

1. Safety of Assets 

Executors must ensure all of an estate’s assets are safe until distributed to the intended beneficiaries. This is a complex undertaking, as there are likely many different valuables and variables in play. For instance, if any items are out of state, they can be difficult to keep tabs on.

2. Liability Issues

Executors might also be concerned about personal liability issues. If an individual lacks experience and makes an error, they can be held personally accountable. Any resulting damages are the responsibility of the executor, which can be a costly development.

3. Conflicts Within the Family

wills & estatesWills sometimes bring out the worst in family members who believe the deceased should have left something to them. Executors get enmeshed in these conflicts and must keep a clear head to ensure the terms of the will are carried out as the deceased intended.

4. Tax Issues

Reporting income properly is a serious concern when dealing with estate issues. Forms must be filled out with the right information and filed accordingly to ensure payment on levied taxes. Otherwise, executors who fail to provide the proper documentation are subject to a fine.

5. Probate

Probate is the process wherein an estate is valued, and any disagreements about the contents of a will are considered. Proper organization helps avoid the need in some cases, but it requires specific knowledge to make an informed decision.

Whether you are named an executor or have questions regarding wills and estates, the Law Offices of Charles P. Dargo, P.C., offers quality legal guidance to clients with offices in DeMotte and Monticello, IN. Their reliable team will help you through every step of the process to ensure it goes smoothly and accurately. For more information on the firm’s practice areas, visit the website. To schedule a consultation, call (219) 345-3114 today to speak with a friendly and knowledgeable representative.

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