Have You Experienced the Loss of a Family Member? Our Experienced Law Firm Can Assist You With the Legal Processes Necessary After the Passing of a Loved One
Philip A. Costello, PLLC Attorney at Law strongly believes that a wisely drafted, carefully executed estate plan is critical to a family’s wealth management. Our firm’s guiding principle is to provide families with quality Trust Administration and Probate services tailored to each client’s specific needs and goals.
Probate is a process by which the estate of a deceased person is both validated and executed. The probate process can often be a long and costly one, and those that are unfamiliar with the concept often have many questions regarding how to proceed.
Our Attorneys Are Experienced in a Wide Range of Probate, Inheritance, and Trust Matters Including:
Probating wills and intestate estates
Legal counsel for trustees, executors, administrators and beneficiaries
Distribution of assets
Challenges to fiduciaries
Will contests (challenging and defending)
Petitions to partition
Preparation of wills and trusts
Power of attorney
Home visits available by request
Probate administration involves a variety of aspects. We will make sure that this administration is managed properly and individuals are thoroughly guided during the process.
The Following Issues Should Be Considered:
Legal notices should be published
Creditors should be properly notified and their rights should be considered during the distribution of assets
There may be a need for a personal representative, so a petition for such should be filed
Homestead Property should be dealt with separately from the assets
Filing or objecting claims against the state involves a certain length of time
Pending lawsuits are possible and separate procedures may be required in the event of an inheritance dispute
Real estate properties may be sold in the process to pay debts or for the proper distribution of assets
If the property exceeds the threshold, inheritance or estate tax will be imposed
Before the assets are distributed, the administration cost, which includes income or property tax, will be subtracted
The other assets of the deceased should be transferred to the beneficiaries
legal consultation. Call us at 734-241-8300.
Schedule an appointment with our lawyers for evening and weekends. Call us