How to Probate a Will in Fayettesville

A Fayetteville wills lawyer can ensure that after the executor is sworn in and the Petition for Probate filed, all the steps are followed to maximize the benefits a deceased loved one left behind for his or her family.

For the court to trust that the personal representative executes the will faithfully when probating in Fayetteville, he or she may be asked to post a bond, which serves as an insurance policy. Part of the process to probating a will iis posting legal notice of death so creditors are alerted to collect the deceased’s debts. This is a necessary part of probatingi Arkansas, and creditors have three to six months to make a claim.

Once the estate is assessed and all the necessary taxes seen to, the executor can begin to pay the remainder of the estate to the beneficiaries. Usually, a legal will in Fayetteville pays out in this order:

Estate administration costs
Family allowances
Funeral expenses

Taxes and other debts
All remaining claims
Distribution to the beneficiaries

A Fayetteville will dispute is an option for any beneficiary who believes that the legal will in Fayetteville were executed improperly or not under the most recent will of the decedent. If you believe your loved one’s will has been carried out illegally, you have the right to pursue a dispute, and you will need a lawyer.

Understanding legal wills in Fayetteville, AR

For the document to have legal validity in Arkansas, the testator, or person who left a will, must have created that will correctly. This requires the help of a Fayetteville wills lawyer, who is able to explain the complicated procedure required to plan what happens to their estates. In Fayetteville, probate, wills, and disputes all rely on the validity, or in some cases lack of validity, of legal wills in Fayetteville. Some people may decide to create a trust when writing their wills in order to protect their beneficiaries from avoidable taxation.

While wills are cheaper in the short term, trusts can save beneficiaries a significant amount of money. The consultation of a wills lawyer in Fayetteville is absolutely necessary in preparing for the future of an estate. If people pass away without leaving Fayetteville wills, and probate law allows this, the circuit courts of Arkansas will distribute the estate as they see fit.

Contact our probate lawyers in Fayetteville

If you have questions or need skilled advice about wills and probate in Fayetteville, contact Stockland & Trantham, P.A., today. In addition to specializing in Fayetteville legal wills and probate, our attorneys are well-versed in commercial litigation, banking, estate planning, real estate law, and taxation law. We will make sure your loved ones’ wishes are followed.