Have you ever wondered what might happen to your assets after you are deceased? If you want to play a role in who gets what, it is a good idea to hire a lawyer to assist with creating a will. Find out below about wills and the probate process, as well as what a lawyer charges to help.
What Should Be Known About Wills & the Probate Process?
Hiring a lawyer to draft up a will is a good idea because it can help with the avoidance of a big conflict after you are deceased. You will have the ability to appoint either one or multiple individuals over your assets. For instance, you can appoint a single person over your home and specific items to other people. Even if you appoint a beneficiary over your house, you can make it mandatory for that person to sell it and distribute the money. What you put in your will is completely up to you.
After you have a legal will in place, it will be distributed in probate court after you are deceased. The probate process will begin when the executor of the will petitions the court. The executor of the will can be anyone that you desire to appoint. Basically, the executor will make sure that a judge reviews your will to make sure your assets are released just as you wanted them to be. Someone can still contest the will if they want to, but your executor can ask your lawyer to assist in court if this happens.
What Does a Lawyer Charge on Average to Execute a Will?
The rate charged for a lawyer to draft up a will is dependent upon how complex it is. A complex will is one that is being administered to a group of people, especially if any of them are not family members. You can be charged a flat or hourly rate at the discretion of the lawyer. You can expect the lawyer to charge at least an average of $60 plus if you are charged by the hour.
You don't want to end up with your assets going to people that you don't feel deserve them after you are deceased. Keep control over your assets even after death by making sure a will is in place. Get in touch with a probate lawyer so he or she can begin working on your will. To learn more, speak with someone like O'Connor, Mikita & Davidson.