LOUISVILLE ESTATE ADMINISTRATION AND PROBATE LAWYERS

What is probate?  How is a Will or estate managed here in Louisville?  Probate is the legal process for confirming a deceased person’s will (if they completed a valid Will), retiring all debts and liabilities, and ultimately distributing remaining assets to their heirs and beneficiaries.  This process is administered by the Probate Court of Louisville.  This provides a smooth process to ensure that all legal requirements are fulfilled while reducing the likelihood of disputes between heirs and interested parties.

Probate should be opened for an estate in an immediate time frame.  This is usually accomplished by the executor (if one is named), a beneficiary, or the administrator of the estate.  Probate can be quite complex, and the executor or administrator carries personal financial liability.  If they fail to discharge their responsibilities, make a mistake or take actions that are adverse to the estate the executor or administrator can be held personally responsible for the amount of any resulting losses.

Wimberly & Associates, PLLC provides guidance to executors, administrators and family members who are working through the probate process in order to close the estate of a loved one or close friend.  Most estates provide for reasonable attorney’s fees on behalf of the executor or administrator.  Protect your own financial and legal interests, and receive the guidance and support necessary to:

• Gather and value all associated assets
• Liquidate assets
• Obtain permission and complete the sale of real estate, vehicles, collections, etc.
• Retire debts and liabilities
• Prepare and file all associated estate, income and property tax returns
• Manage the distribution of 401(k)s, IRAs and other retirement vehicles
• Distribute remaining assets to designated or court approved heirs and beneficiaries

Contact Responsive and Skilled Louisville Probate and Estate Administration Attorneys

If you are an executor, trustee, or administrator of an estate you have a “fiduciary duty” to complete your duties in a timely, accurate and transparent manner. The failure to do so can expose you to personal financial liability and lawsuits from beneficiaries and heirs. If you are an executor, trustee or a beneficiary of an estate and have questions regarding the process of probate we invite you to contact Wimberly & Associates, or call us at (502) 208-1887. We will work together to efficiently and cost-effectively administer an estate or manage the process and complex procedures of Louisville Probate Courts.

Wimberly & Associates, PLLC – Your Louisville Lawyers for Life!