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Tips on protecting your inheritance during probate

On Behalf of | Aug 4, 2023 | Probate & Estate Administration

If you are about to inherit from someone’s estate, it is essential to take proactive steps in safeguarding your interests during the probate process. A lot can go wrong during this intricate legal process, and your inheritance could be at risk without proper attention.

Some common probate pitfalls include executor misconduct, unnecessary delays and disputes among the parties involved. All these could derail the entire process and come between you and your rightful inheritance. Implementing the tips below can help you navigate the probate journey with confidence.

Remember that knowledge is power

Familiarize yourself with the ins and outs of the probate process, what to expect and the applicable laws. That way, you will be better placed to make informed decisions and understand your role as a beneficiary.

Communicate with the executor regularly

The executor runs the show during the probate process, from transacting on behalf of the estate to paying its debts and distributing assets to the beneficiaries per the will. 

Given their prominent role, it’s best to establish open communication with them. Regularly inquire about the progress of probate and express any concerns or questions you may have about the process.

Monitor the probate process carefully

Stay actively involved in the probate proceedings. Attend probate proceedings diligently, keep track of the executor’s transactions and review all relevant documents to verify the accuracy of information. 

Remember to look out for any unexpected delays or unusual transactions, as these could be potential red flags that require immediate attention. Should you notice anything suspicious, do not delay addressing the issue. Waiting too long before taking decisive action can lead to irreversible consequences, as it may be too late to save the situation.

Having qualified legal assistance throughout the probate process can protect your interests and avoid blunders that could put your inheritance on the line.