Recent posts

Reasons to go for a probate lawyer

Probate lawyers help personal representatives or executors of the estate manage the probate process. They are also known as trust lawyers. They also aid in  estate planning, such as the drafting of wills and trusts, give suggestions on powers of attorney, or even serve as an administrator.

Out of multiple duties that are charged to probate lawyers, they are accountable for taking a personal representative through the entire probate process from start to end. Important responsibilities can be summarized as:
  • A huge part of a lawyer’s responsibilities depends upon whether or not the decedent died with a valid last will and testament. Those who do not have a last will and testament at the instance of their death is known as intestate. If this occurs, the Probate Attorney Palm Beach must be needed, who should be well versed in the probate laws of the states.
  • A probate lawyer is also required to advise the beneficiary of an estate on legal and other matters presented to the beneficiary by the executor during the period of the probate process.
  • Probate lawyers also play an important role while negotiations between a beneficiary who doesn't get along with or does not know the executor very well.
  • They are specialized in representing executors and beneficiaries of an estate who are involved in separate lawsuits when a beneficiary questions the validity of the decedent's last will through a will contest.
How a Probate Attorney Palm Beach assists a personal representative?

The probate lawyer advises and assists the personal representative of an estate by performing the following:
  • Protects both probate assets and non-probate assets
  • Presents date of death values and appraisals of all of the decedent's property
  • Prepares and files all papers required by the probate court in a timely manner
  • Collects life insurance documents
  • Creates appropriate elections with regard to retirement plans
  • Advises the personal representative as to how to clear the decedent's final bills and outstanding debts
  • Keeps record of the estate 's checking account
  • Determines if any estate taxes and inheritance taxes will be due at the federal and state levels.
  • Helps the personal representative in determining from where the cash will come from
  • Aids the personal representative as to how income tax issues should be addressed.
  • Addresses disputes among personal representatives and beneficiaries
  • Assists with the sale of property
  • Requests the court’s permission for various actions
  • Titles the decedent's real estate into the names of the estate beneficiaries
  • Distributes the leftover assets to the beneficiaries after paying bills and taxes

Significance of Title Insurance

The most significant part of buying a house is finding a title defect. Title defects come up when there are tax liens and restrictions that limit the use of the land. To purchase a real estate it is important to obtain a Title Search on the property that will reveal any of those encumbrances. Title Abstractors perform the Title Search before the closing transaction.

In-spite of the time and expertise that goes into a Title Exam, even the most detailed search cannot assure that there are no hidden title defects. Such title defects may leave the Buyer with an unpleasant and costly alteration, or even worse, the Buyer may lose his house and be left with financial compels to the Lender.

Another common title defect is when a grantor is not competent to sign the deed . Other common title defects include fraud, forgery, defective deeds, or any kind of clerical error. All these hidden defects can arise after the Buyer purchased his home and may jeopardize his authorized possession.

The only way to safeguard the ownership is to get Title Insurance. It is important for both, the homebuyer and the Lender. If the property is financed, the Lender will usually require a Title Search and to get an Insurance before providing a Buyer with a housing loan. This is the only way for Lenders to protect their own financial interests in the property.

For the Buyer, it is a covering against personal loss due to potential problems with title. By obtaining this the Buyer invests in a long term peace that the newly purchased home is free of any liens, encumbrances,judgments, and other related title defects.

Even though the risk of loss is high, the Buyers are not required to get Title Insurance. At every real estate closing deal the Buyer would hear a counsel say “ Insurance against title is optional,” and despite this advice some Buyers claim Title Insurance.

It is responsible for paying legal costs when it is needed to defend the Buyer against any legal proceeding invading his title. This will also pay to clear up the title problems or pay for the Buyer’s loss of money.

Title Insurance is, in fact, very low-priced. It is a one-time payment that is usually collected at the time of the closing procedure, but it remains in effect as long as the Buyer and his heirs have interest in the respective property.

Role of a counsel in “No Injury” auto accident

In an auto accident, the accident is just the beginning of your problems. Dealing with the process of such accidents is often frustrating and confusing. Navigating an insurance claim alone can never be so easy, especially if the fault of the accident is controversial.Moreover, insurance companies may try to settle your claim for less than it is actually worth. Hiring an attorney after an accident puts someone in your corner who better knows the law the tricks insurance companies may try to play.

What qualities an auto accident lawyer must possess?
Auto accident lawyer Boca cover a variety of issues originating from personal injury, wrongful deaths, property damages, and financial obligations. When hiring a lawyer, you should consider his relevant experience, skill level, commitment, location, and fee structure. He should be well versed in state and national transportation laws. He must be well aware of tactics required to deal with insurance and health care companies. Plus, the attorney's background must be properly verified via references and track record.

When to hire an attorney?
It is best to hire an attorney early to avoid any mistake that can jeopardize the case. The deadline for filing personal injury claims is different for different states. Because you may need to pay for medical bills and cover lost wages, it is always better to contact an attorney sooner. Generally, a person should contact an auto accident lawyers Boca shortly after the accident occurs , say within a week or two of the accident, but always before reaching a settlement with the insurance company.

Why a no-injury auto accident requires an attorney?

We know there are some eased moments when an auto accident does not result in serious injury. For those fortunate instances when you are not injured and just looking for a little guidance, check out our auto accident lawyers Boca to protect you from the insurance company. When a personal injury is involved, we step up to fight for that person's right. However, there are cases when only property damage takes place in the event of an accident. We have several reasons to assist you in such cases:

Financial obligation: Property damage claim always revolves around the value of the loss. Insurance companies refrain themselves from any negotiation when someone is entitled to compensation in a property damage claim. They only disagree with the amount the property owner is claiming. The attorney is required then to settle the case tactfully.

Economic value: Ideally, property damage claims are valued at far less than personal injury claims. This is why it is worth it for the victims to have an attorney on their side to acquire the monetary claims.

Time: Auto accident claims can take up to a year or more to be resolved, and an attorney in these situations can actually speed up the process.