Dickmann Reason Bogigian & White offer estate administration Hancock County, IN. If a loved one has passed away and you are looking for a law firm to help you collect, manage, and distribute the estate, contact us today at 317-951-9070.
What can I expect?
Experiencing the loss of someone close to you is never easy, and having the responsibility of properly accounting for and apportioning their possessions can cause additional distress. Having experience in dealing with estate administration, our attorneys are able to navigate their duties with adeptness, professionalism, and tactful consideration of your family’s needs.
Indiana law outlines three separate processes for estate administration: supervised, unsupervised, and small estates. While one type of estate may require court approval, another may be allocated with an affidavit. Some assets may need to go through probate, which means legal permission must be given before those assets can be distributed, while others may not. Taxation considerations will also be involved. When you are the executor (the person who manages the estate), you may need to be prepared to defend the will should it be contested. If there is no will and you have been appointed the administer of estate, you may need to be more aware of state laws because there would be no will providing you with directions. Straightforward cases can take as short as six months; a typical case is often closed at the end of one year’s time; more complex cases may take numerous years to administer.
Estate administration in Hancock County, IN, will have multiple factors to consider, varied on a case-by-case basis. Oftentimes, to prevent family quarrels or misunderstandings—as well as to improve efficiency in navigating the legal requirements—it is advisable to seek legal counsel: In doing so, you can benefit from both the guidance and the involvement of a third party that has experience in these matters. Dickmann Reason Bogigian & White has provided these services to multiple executors and their families, and we are standing by should you call on us to do the same for you.
What’s the worst that could happen?
If you mismanage an estate, it could potentially result in more dire consequences than just damaging the estate and incurring more costs than necessary—as bad as that can be. Not only can improperly administering the estate lead to a decrease in the assets’ value, but it can also lead to tax trouble, insurance risks, perceived misconduct (especially if the executor is also a beneficiary), the removal of the executor by the probate court, or even a civil lawsuit. These events and others like them can occur due to major oversights or due to mistakes as simple as failing to act in a timely manner. These unfortunate experiences can usually be avoided by having foreknowledge of what to do, how to do it, and when to do it. Find out if Dickmann Reason Bogigian & White can do this for you as they have done for others in your community. Contact us 317-951-9070 to begin your estate administration in Hancock County, IN.