Administrators and executors of estates do not always have a thorough understanding of how the process works with real property. This is particularly the case when one or more heirs stand to receive all or part of the title to a property not received by all of the heirs. Equitable distribution may be in question when not all parties receive the same benefits from an estate. Property evaluations may be required to support an equitable formula which is fair to all concerned. Properly documenting distributions with the appropriate evaluations can serve to protect the Administrator or Executor from criticism or lawsuits. Probate Counseling can serve to reduce the risk to those responsible for settling estates.
The firm of ELLIOTT® has experience in estates and can provide Probate Counseling to Administrators or Executors involving estates anywhere in the United States. Please contact us to learn more about how we can help.