If you are involved in the probate process, you should consult with a Long Island probate lawyer. An attorney can represent an executor of an estate and can represent heirs or beneficiaries who are waiting for the probate process to be completed so they can receive their inheritance.
An experienced attorney can provide assistance with many different aspects of the probate process. One of the most important things that a Long Island probate lawyer can do is to move the process forward as quickly as possible. The process of probating a will and winding up the affairs of the estate can take a very long time, and an attorney can help to make sure there are no additional and unnecessary delays.
Eghrari Wealth Training Law Firm has extensive experience with the probate process and has helped many clients to move as efficiently as possible through probating a will. Give us a call to find out more about the ways in which our legal team can assist you.
Can a Long Island Probate Lawyer Help Speed Up Probate?
According to Investopedia, the probate process could take around a year in most cases, with some proceedings taking much more time to resolve and other simple and straightforward estates being probated much more quickly.
There are a number of reasons why the probate process can take so long. Some of those reasons are beyond your control and you cannot do much, if anything, to change the process to speed things up.
In other circumstances, though, the probate process will be slowed down by actions of the executor of an estate or actions of heirs or beneficiaries. If the will is contested, this can also slow down the probate process very substantially.
A Long Island probate lawyer provides help in situations where someone is causing a delay in probate. Our legal team can help you to resolve the issues leading to the delay and can help you to avoid mistakes like not filing paperwork on time or correctly, as any of these errors could cause the probate process to take longer.
Why is It Important to Speed up the Probate Process
Getting through probate as quickly as possible is beneficial for the executor of an estate, as well as for heirs or beneficiaries who stand to inherit.
The executor has a fiduciary duty during the probate process and has to take care of things like handling court proceedings, as well as making sure that a deceased person’s estate assets are managed in an appropriate way. There is a lot of responsibility placed on the executor. The sooner the probate process is completed and the property is handed off to new owners, the sooner the job of an executor is done and he no longer has to worry about managing property and going to court.
Many assets also could lose value if it takes a very long time for them to transfer to new owners, even if an executor fulfills his duties and does the best job possible in trying to manage the assets.
For example, if the deceased person owned a business or had investments that require active hands-on expertise to manage, a long delay in the transfer of those assets to new owners could be damaging to the value of the investments. A lengthy period of uncertainty where a new owner has not officially taken over a business could substantially hurt the company in the long-term.
Heirs or beneficiaries could also face financial problems due to a long delay in receiving an inheritance. This could be a big issue if the person who has died was a family breadwinner or was providing material financial support. Without the deceased person’s income, the family could be depending upon an inheritance that takes a long time to arrive.
Because it is in everyone’s best interests to move the probate process along, it is important that those who are involved in probate proceedings get an attorney to represent them and advise them on how to be efficient in moving all court proceedings forward.
Getting Help from A Long Island Probate Lawyer
Eghrari Wealth Training Law Firm can help you to move through the probate process as quickly as it is possible to do given the law and the complexity of the estate.
Join us for a free seminar to find out more about how the probate process works and about how to ensure you get through probate quickly while protecting the value of an inheritance. You can also give us a call at (631) 265-0599 or contact us online to get help with the probate process.