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When it comes to estate planning, the probate process is among one of the more complex and confusing aspects. That’s why securing the right legal assistance is so important, and in Cincinnati clients look to Lane, Felix & Raisbeck CO, LPA to answer their toughest questions regarding will creation. Bringing to the table legal knowledge accrued over a 30-year period, these lawyers offer the following primer on probate and what it can mean for your estate.

Authentication of Your Will

The first step in the probate process entails authentication of your will. This is a very important step, as without a valid will the judge will need to dictate how your estate is dispersed. Not only will the judge check for a will’s validity, it must also be established that the will was actually created by the deceased and is the most recent version.

Appointment of an Executor

probateNext, an executor will be appointed, and it’s this person’s duty to locate assets, settle any outstanding debts on behalf of your estate, etc. In the event you fail to name an executor in your will, the court will appoint one for you. For this reason, it’s important that you select a suitable candidate and be sure the proper steps are taken to name this person in your will.

 Filing of Final Taxes

One task an executor must perform involves filing the last tax return for the deceased. If any inheritance tax must be paid, the executor will determine how much and then settle that amount through the deceased’s estate. This can sometimes involve the liquidation of assets to ensure debt is properly settled.

Disperse Assets to Heirs

Once all the above issues are settled, the last step of the probate process entails dispersing assets to heirs named within a will.  To do so, an executor must petition the court, who will determine whether the dissemination of assets is legally sound.

Whether you have questions regarding the probate process, need the assistance of a dedicated defense attorney, or are faced with a delicate family law issue, the firm of Lane, Felix & Raisbeck CO, LPA has the skill and experience you need. Schedule a consultation in Cincinnati by calling (513) 922-7700. You can also visit their website to access the complete listing of practice areas.

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