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Have You Been Named an Executor? Marchese & Maynard Professionals Share 3 Reasons To Hire a Lawyer to Help
If you have been named an executor in a will, law experts like those at Marchese & Maynard in Manhasset, New York, know it is essential to understand the responsibilities that come with the role. Often, people appointed as executors feel overwhelmed and don't know where to start. This is where hiring a lawyer can be helpful. Here are three reasons why it is essential to hire a lawyer when you are named an executor.
What Is An Executor Of A Will?
Marchese & Maynard's lawyers say an executor is a person named in a will to carry out the will-maker's instructions. The executor's job is to gather the estate's assets, pay any debts and taxes, and distribute the estate according to the instructions in the will. In some cases, the executor may also be responsible for wrapping up the deceased's affairs and dealing with their estate after death.
The role of the executor is significant, and it can be both time-consuming and complex. Executors should be prepared for various tasks, including dealing with banks and other financial institutions, managing property, and handling taxes. They may also need to deal with emotional issues, such as family conflict or grief. For these reasons, it is essential to choose an executor carefully. The best executor is organized, responsible, and has the time and energy to take on this role.
Why You Should Hire A Lawyer
If you have been named as an executor, you may be wondering whether or not you should hire a lawyer, like the highly esteemed professionals at Marchese & Maynard. Here are three reasons why it is essential to seek legal help when you are named an executor.
Dealing With The Estate Can Be Complex
As we mentioned, being an executor comes with a lot of responsibility. You may need to deal with banks, financial institutions, property, taxes, etc. If you don't have experience dealing with these matters, having a lawyer on your side can be helpful. A lawyer can help simplify the process and ensure everything is properly cared for.
You May Need to Go To Court
In some cases, executors may need to go to court. For example, if there is a dispute over the will or someone challenges your role as executor. If you find yourself in this situation, it is essential to have a lawyer on your side who can represent you in court and protect your interests.
You May Be Held Liable For Mistakes
As an executor, you are responsible for carrying out the instructions in the will and managing the estate. This means that you can be held liable for any mistakes. For example, you could be held personally responsible if you mismanage funds or fail to pay taxes correctly. Having a lawyer on your side can help to minimize the risk of mistakes and protect you from liability.
Hiring a lawyer to help when you are named an executor is essential for many reasons. A lawyer can help simplify the process, represent you in court, and protect you from liability. Contact a lawyer today to get started if you have been named as an executor.
What Qualities Should You Look For In A Lawyer?
When you are looking for a lawyer to help with your executor duties, there are certain qualities that you should look for. Here are some essential attributes to consider when choosing a lawyer.
Look for a lawyer who has experience dealing with estates and probate. This will give you peace of mind knowing they know what they're doing.
Choosing an organized lawyer who can track your case's different aspects is essential. This will help to make sure that nothing falls through the cracks.
You need to be able to trust your lawyer to handle your case responsibly. This means they will update you on what is happening and ensure that everything is taken care of properly.
Make sure that you choose a lawyer, like experts at Marchese & Maynard, who has the time and availability to take on your case. You don't want to end up with a lawyer too busy to give your case the attention it deserves.
When you are looking for a lawyer to help with your executor duties, there are certain qualities that you should look for. Look for a lawyer with experience dealing with estates and probates who is organized, responsible, and available. With these qualities in mind, you can be sure to find the best lawyer for your needs.
How To Hire A Lawyer
Now that you know why it is essential to hire a lawyer when you are named an executor, you may be wondering how to hire one. Here are some tips for finding and hiring the right lawyer for your needs.
Get referrals from friends or family. If you know someone who has used a lawyer for their estate, ask them for a referral. Once you have a few lawyers in mind, take some time to research each one. Look at their website, read online reviews, and check their credentials. When you have narrowed down your options, schedule a consultation with each of the lawyers on your list. This will allow you to meet them in person and get a feel for their personality. After your talks, choose the lawyer you feel most comfortable with and start working on your case.
If you have been named an executor, it is essential to hire a lawyer to help you with the process. A lawyer can simplify the process, represent you in court, and protect you from liability. With these qualities in mind, use these tips to find and hire the best lawyer for your needs.
This article does not necessarily reflect the opinions of the editors or management of EconoTimes