Is it a good idea to appoint Probate Attorney in NYC

State Licensed Lawyer, Probate Attorney in NYC basically advises or consults beneficiaries or legal heir of the estate, with regards to the settlement of final affairs of deceased. Also known as Estate Lawyer or Estate Attorney, a Probate Attorney in NYC vide his legal education and years of practice has acquired a specific skill set to represent in probate process from start to end personally.

This comprises of following steps in probating an estate as per specific probate laws of the state where departed soul lived during his death along with any other location where property or fixed asset is owned by deceased. For example, Florida has two separate processes basis value of the property and how long expired has been dead. Probate Attorney in NYC needs to plan his proceeding basis departed leaving with or without a will, i.e. testate or intestate respectively.

Some of the major duties of Probate Attorney in NYC can be highlighted as below:

•  Identifying Non-Probate as well as Probate Asset.
• Getting the fair value of Properties
• The timely filing of necessary documents with Court
• Timely collection of Life Insurance Receipts
• Payment of Deceased last outstanding bills
• Determining and Payment of Tax Liability
• Sale of Property, if desired
• Optimum distribution of Asset amongst beneficiaries post settlement of final liability and bills

 Probate Attorney in NYC works for something known as Estate Lawyer Fee, which is not the same thing as Probate Costs, which refers to:

• Court Fee
• Publication of notice Fee
• Accounting Fee
• Recording Fee
• Personal Representative Fee

Estate Lawyer Fee is paid from the estate, and not by the administrator or executor. They may charge an hourly basis, which depends on the location of operation or his vintage or experience in a given field. Few others charge a standard or fixed fee, which is decided in advance. There also exists an industry practice wherein, Probate Attorney in NYC takes a percentage of the estate.