Should You Worry About The Probate Process?
If you are facing the obligation of settling a loved one’s estate, you may have to walk through the probate process. For many, this is a daunting prospect, and many people are unsure of what to expect. At Judkins Law Firm, we help Tennessee families walk through probate or make other important estate planning choices that can benefit their loved ones.
Common Questions About Probate
Probate is the process of settling a person’s estate, paying off remaining debts, and distributing assets to heirs and beneficiaries, all done under the supervision of the court. Probate is not necessary in every situation and for every estate, and many people want to know how to avoid the process altogether. Common questions about this process include:
- How does the probate process work in Tennessee? In Tennessee, the court will appoint a representative to handle estate assets, pay remaining obligations and fulfill all the obligations of the probate process. In 2016, the state repealed inheritance tax.
- When is probate required? Generally, if a person is the sole owner of an asset when he or she dies, that asset will likely have to go through probate if the will passes it to another person. Not all assets have to go through probate.
- What happens during probate? Probate encompasses many aspects of settling an estate, including inventorying assets, valuing assets, contacting beneficiaries, paying remaining debts, and making sure heirs and beneficiaries get the right assets.
- How can you avoid probate? In some cases, people can make estate planning decisions that will make it possible to avoid the probate process, such as creating joint ownership of many assets.
Whether you are drafting an estate plan or you are settling the estate of a loved one, our lawyer Joe Judkins can help you and your family avoid complications and make sound, practical decisions. We can help make the process for distribution of assets run more smoothly for you during a difficult time for your family.
Decades Of Estate Planning Experience
Our attorney has decades of estate planning experience, and you can rely on his knowledgeable guidance and commitment to client needs. Our office is in the heart of Oak Ridge near the courthouse, and you can schedule an appointment by calling 865-830-3405 or emailing us for assistance.