When Should I Hire a Probate Attorney in Peoria IL?
If you are trying to manage a deceased person’s estate, you can receive crucial advice on handling legal requirements from a probate attorney in Peoria IL. Seeking legal counsel can help to make sure that you comply with all legal requirements. Plus, a probate attorney can represent you if any disputes arise or problems occur during the probate process. Essig Law provides you with a father-son team of lawyers with over 75 years of combined experience with probate law. We work with clients throughout Peoria County IL, Tazewell County IL, and Woodford County IL. Email us now to schedule an appointment for a free confidential consultation.
A Probate Attorney Can Help with Insolvent Estates
An estate is insolvent when its debts exceed its assets. You can simplify the complications involved with an insolvent estate by hiring a probate attorney in Peoria IL. Here are duties a lawyer can handle for your when it comes to dealing with this probate law issue:
- Petition for Insolvency – An Essig law attorney can help you petition for insolvency, a necessary step when the estate lacks the funds to pay taxes and debts owed.
- Estate Debt Management – Our attorney can also take care of estate debts as required by Illinois probate laws. As a result, we can ensure that taxes, administration fees, and funeral costs get paid in the correct order.
- Negotiations with Creditors – You can get the help you need to settle debts for less than what is owed by hiring a probate attorney to negotiate on your behalf.
- Distributing Assets – A probate attorney can also assist with distributing any assets left over after they negotiate debt settlements. That way, you can assure distribution occurs in accordance with the will or applicable state laws.
- Protection for Heirs and the Executor – You can also get the assistance you need to ensure that the executor and heirs are not liable for paying debts owed, except in special circumstances such as co-signed loans.
- Closing the Estate – Most importantly, an attorney from Essig Law can help ensure you meet all financial and legal obligations necessary to close the estate.
Probate Attorneys Assist with Complex Estates
You can get the help you need to navigate the processes involved with complex estates by hiring a probate attorney in Peoria IL. It is recommended to seek legal counsel if you believe heirs will contest the will or there are numerous debts and assets involved with the estate. So, you should speak with an attorney from Essig Law if your case involves an estate with one of the following kinds of complications:
- There is an absence of a will for the estate.
- Heirs contest the validity of the will due to possible errors or coercion.
- There is a failure to settle debts for an insolvent estate.
- A conflict arises between beneficiaries.
- The estate includes assets across multiple states or different countries.
- The executor lives in a different state from where the will is being processed.
Do You Need Help with Probate Litigation?
If you need assistance with probate litigation, it is highly recommended to hire a probate attorney in Peoria IL. A lawyer from Essig Law can schedule a free consultation to evaluate your case. So, they can provide you with advice based on their combined 75 years of experience with probate cases like yours. In addition, they can help you handle the following responsibilities:
- Our attorney can file all the necessary paperwork to open the case and keep it progressing through the probate process.
- Also, our lawyer can review financial statements and records to ensure they are accurate.
- In addition, our probate attorney can handle the necessary work involved with asset valuation including getting appraisals for real estate, jewelry, or other valuables.
- Most importantly, our lawyers can ensure proper distribution of assets in accordance with the will or applicable laws and handle any disputes.
Schedule a Free Consultation
Essig Law offers free initial consultations if you would like legal advice from an experienced probate attorney in Peoria IL. Call our office at 309-444-8041 or contact us online to request an appointment. We offer legal counsel to clients throughout Central Illinois, including Peoria IL, Washington IL, Morton IL, Pekin IL, Eureka IL, and Metamora IL.
