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What should you know about probate administration?

Posted by Lidia Law Firm, P.C. | Apr 04, 2018 | 0 Comments

To Oklahoma residents like you, probate administration is likely a complex mess of legal terms and laws that you don't necessarily know. Lidia Law Firm is here to guide you through what can be an incredibly confusing and tricky legal area to navigate.

Probate administration involves essentially tying up the financial loose ends that are left over after the passing of a loved one. This includes redistributing assets to those who are legally owed them. Once all debts and assets have been identified and organized, you can then move on to ensuring you know all heirs, beneficiaries and creditors. After that, you can finally begin dividing and distributing the assets.

Because money and other items of high value are at stake, the executor – you – will have a lot of legal responsibility on your shoulders. One wrong move could land you in hot water, and you may find yourself dealing with monetary damages. This is why it's crucial for you to consider seeking the aid of a probate attorney. Not only will you need to be familiar with the law when dealing with matters of the estate, but you'll also need to know how to properly divide assets according to a will. More importantly, all of this needs to be completed in a timely manner. Needless to say, getting it done on your own can be a daunting notion.

When you're handling any area of estate administration, it's important to understand that the heirs and beneficiaries are relying on you, as the executor, to get them their rightful portion of the estate. To read more about probate and get in contact with a legal professional, visit the link above for our estate administration web page.

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