One of the frequently encountered legal issues in the daily life of citizens is inheritance issues. The subject of inheritance can be property and non-property rights, shares in companies, etc.
Due to the presence of various bases of inheritance and the lines of heirs, it is difficult for an inexperienced ordinary person to understand all aspects of inheritance. And in this situation, the probate lawyer in Singapore will help you understand all aspects of inheritance.
You need to know your rights to understand what you are claiming as an heir. And what share of the inheritance was left after your close relative, spouse or testator died. Only an experienced probate lawyer can come to your aid and help you navigate such inheritance matters. An estate may end up in probate due to various issues;
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When There’s No Will
When you lack a will, the estate may end in probate. Estates that have no will go to intestate laws. The probate courts will be involved without a valid will, thus forcing you to look for a probate lawyer in Singapore to represent you.
If There are Issues with the Existing Will
Many issues can arise, which can make the probate come in between. Not every will is made right, and some are made with errors.
When Does One Need a Probate Lawyer?
Most of you are wondering in what circumstances one needs a lawyer. These are people that may be of help when you have inheritance issues. Some of the questions that will help you determine if you want a probate lawyer are as follows;
1. Can the assets of the deceased person be transferred outside probate?
If the deceased person organized their estate accordingly, you wouldn’t end up in court. But if not, the chances are that you may go to court to solve the issues. Besides, if the deceased person already named the beneficiary, there is no need for court intervention.
2. Can the estate pay all the existing debts?
There is no need for a probate lawyer if the estate is big to pay the debts. But, if you realize the estate can’t pay all the bulls, then it is high time you look for the probate lawyer to aid you to figure out how to pay them. Don’t pay them without consulting a lawyer.
3. Is the estate owing federal estate taxes?
Most of the estates are not needed to pay the taxes for federal estate. But if the estate is huge to owe taxes, find an attorney who is conversant in such matters to help you.
If you have to deal with inheritance, do not rush to make plans about how to dispose of the new property. Many legal problems await you, even if you are the only heir. If there are many heirs, then hereditary disputes cannot be avoided.
In this case, you cannot do without professional legal assistance, and you can get it from a probate lawyer in Singapore. Your issue will be resolved amicably and given some advice on not to inherit debts and enter into inheritance by law and by will.