Top Estate Planning Attorney Michele Ungvarsky Reveals Probate Mistakes To Avoid – Las Cruces, NM

Leading estate planning attorney Michele Ungvarsky, founder of E-Law, in Las Cruces, NM outlines the errors made by first-time executors. For more information please visit https://www.estradalawpc.com

Las Cruces, NM, United States – May 29, 2021 /MM-REB/ —

Several errors committed by first-time executors have been raised by leading attorney Michele Ungvarsky, the Founder of E-Law, in Las Cruces, NM.

For more information please visit https://www.estradalawpc.com

Taking out time from her busy schedule, she was quick to offer the many mistakes that can befall an executor when they are actively pursuing an estate settlement.

These include showing bias towards a beneficiary, failing to update potential creditors, being disorganized, drowning in paperwork, and not seeking the legal help and guidance that exists out there.

Ungvarsky commented: “An executor should first understand what they are getting into in this position. Understanding their role and responsibilities is a given if someone is to look after the estate of a recently deceased person.”

Executors will have to conduct various activities from filing a petition, completing the probate process, establishing a dead person’s overall financial picture, uncovering hidden assets, assessing creditors’ claims, and paying off any bills and fees.

“It is time-consuming and can also be upsetting. But even if they are the named executor, they don’t have to accept the nomination,” she revealed.

She advised that executors should admit when they need help, drop their pride, and seek guidance from an estate planning attorney, an accountant, and realtors if it involves property administration.

“Professionals are there to serve for the benefit of the estate and work with you towards full settlement,” she assured.

Executors are advised to adopt a checklist approach to an estate to ensure that nothing is overlooked and they can stay on top of tasks. “Being disorganized does no one any favors, least of all the person whose estate you are trying to administer.

“Don’t cut corners. Moving slowly and cautiously will minimize any mistakes that you may have to rectify during the process. And keep everyone involved in the process up to date.”

She added: “There are court rules and regulations to follow when administering a person’s estate, and these run to tax filings, form filling, and tracking down assets.

“Rules are there for a reason, and an executor can’t look favorably on a beneficiary over a creditor when balancing the estate’s administration.

“By engaging with a licensed professional and erring on the side of caution will prevent executors from committing mistakes and bring an estate to a satisfying conclusion.”

Source: http://RecommendedExperts.biz

Contact Info:
Name: Michele Ungvarsky
Email: Send Email
Organization: E-Law, PC
Address: 1340 Picacho Hills Dr, Las Cruces, NM 88007
Phone: 575-556-2462
Website: https://www.estradalawpc.com

Source: MM-REB

Release ID: 89018395