When dealing with property, it’s always a good idea to seek the counsel of an experienced real estate attorney. But where does one begin? How can you determine the good from the bad? In this article, we will outline the steps necessary to choosing a quality lawyer.
Let’s start with an overview of an Executors’ responsibilities. As executor, your first duty is to initiate probate, which is the formal process of proving the Will and confirming your appointment as executor. The Clerk of your county Probate Court can provide you with the forms that are appropriate for your county. My experience with probate court clerks is that they are very helpful and responsive to your requests. Many of the forms you will need can be downloaded over the internet at your state or county website.
You also want an accountant who can tell you how to keep the largest portion of your gross revenue. There are a lot of rules here and there is not a single person on the face of the earth who knows all of the IRS rules. Look for an older accountant or one who works with a lot of real estate investors.
There are a lot of tasks that investors need to accomplish in order to buy, rent, maintain, repair, and sell property. The most successful investors are not the people who have the most skill; they are the people who outsource the most work. You only have 24 hours in each day. If you want more than 24 hours of production per day, then you need a team. Each team is as unique as the individual investor who creates it. The team is like tools in the insanité d’esprit testament investor’s tool belt. You want the right tool for each task, and you want the best tools that you can find.
When you recruit a real estate agent to help you sell your home, the good ones know all this information in advance. Any information they don’t have that can create problems generally surfaces at closing thanks to the lawyers. Your agent acts in your best interests along with your lawyer to sort out these problems at closing and many issues are usually dealt with to either parties’ satisfaction one way or another.
3) Search firm websites. Hit up a search engine for an estate planning lawyer near you. It’s more uncommon these days for a lawyer not to have a website, so browse the first few pages of search results until you find a compatible match.
If you really want to know the cost of your lawyer’s charge for the closing do the things that are mentioned above. What is important is the quality of the deal and the relationship that has been established with your real estate lawyer above anything else.