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Understanding estate planning and the probate process can be difficult. Our experienced probate attorney at The Law Offices of Stephen P. Levesque is devoted to assisting you every step of the way.
Probate and estate planning is the court-managed process of distributing the estate and assets of a deceased resident. The entire process can take anywhere from 6 to 18 months, depending on the size and complexity of the estate.
The probate process of a Rhode Island estate can be tedious and time-consuming. That’s because these cases usually demand great attention to detail in order to meet the specific guidelines of the local probate courts. The complex financial nature of the process, along with the high tax liability involved, requires a thorough understanding of estate planning and probate law. Probates are generally a multi-step process that includes the following:
The executor is the person appointed to make sure that the terms of a will are carried out. Once an executor is named or selected for the estate, he or she is responsible for all of the following:
Whether you find yourself facing court-managed probate for a deceased loved one or you are simply the executor in charge of out-of-court distribution, our probate lawyer understands the legal guidelines and best procedures that can help you successfully navigate the probate process in Rhode Island. If you are the executor of a probate in which the deceased did not have a will, you may face additional challenges and would likely benefit from working with an experienced estate-planning attorney.
Trusts are a valuable estate-planning tool that allows for one party to hold property on behalf of another, whether for tax minimization, to provide for minors, or to allow for a whole range of other benefits. The individual who is put in charge of the assets involved in a trust is called the trustee, while the party who owns the assets is called the beneficiary. Our knowledgeable attorney can provide invaluable assistance throughout the entire process—from examining your estate and identifying which plan is best for you to putting the trust into action.
There are many types of trusts available that can help protect your assets and benefit you or your loved ones. They include the following:
Trusts allow for the customizable handling of one’s assets. There are many different types of trusts available, which can be creatively combined in order to best protect your finances and ensure that your assets are handled to your exact specifications. Our trust attorney can help you assess your estate and identify ways in which you can build a secure future.
When it comes to the future of your loved ones and your legacy, estate planning is absolutely crucial. Taking the time to plan for the distribution of your assets today could be the very thing that gives your family a lifetime of better tomorrows. Whether you are a young parent looking to provide for and protect your children or an older individual with assets you want to direct, creating a will provides peace of mind and allows you to shape the future.
Creating a will when you are healthy and in sound mind helps ensure that your assets are used according to your wishes and values. A will is also designed to do any of the following:
Even with a will, disputes may still arise, potentially causing great emotional distress amongst family members. If you find yourself contesting the validity of a will, we can help you carry out the wishes of the deceased and find a compromise. Whether by providing representation in settlement proceedings, facilitating mediation, or fighting for your rights, we are ready to join your team.
Although you may have avoided creating a will up until this point, we encourage you to start the process today. We can help you examine your financial situation, taking into account family dynamics, your estate planning goals, and the future you envision for you and your loved ones. Additionally, we can help you understand the tax implications for each type of will. We want you to know your options so that you can make informed decisions that will create the future you desire.
Whether you are involved in the probate process for a deceased loved one or you are planning your own estate, we encourage you to speak to one of our estate planning lawyers and allow them to walk you through the process. Call The Law Offices of Stephen P. Levesque today at (401) 216-4188 or contact us online for a free consultation.
At our law firm, we promise you knowledge, compassion, and experience. Since 1997, his years of courtroom experience means you will know all your options and you will have a lawyer with the experience to represent you no matter how complicated your case may be. Stephen will fight for you and fight for your best interests. This results in exceptional representation. Stephen is that lawyer you know you can count on to stand by you. Whether at court, during negotiations, or through every legal document, motion, or pleading he prepares, Stephen is aggressively advocating for you. Stephen uses his insight, knowledge, and experience to provide valuable legal information to many people with his radio show on News Talk 630 WPRO. Whether it’s a large or small legal matter, he offers helpful advice that can point listeners in the right direction.