Estate dispute results in $2.3 million in administrative and legal expenses A recent story about an estate dispute currently before a Northampton County Court in Pennsylvania is a reminder of the massive legal costs the parties involved in estate litigation can incur. The subject dispute stems from the estates of Peter Karoly and his wife,…Read More »estate administration, estate law, estate litigation, succession planning, will challenge
Estate administration errors may lead to estate disputes
Estate administration is one of the most areas of estate law requiring proper legal advice from an estate lawyer. Many estate disputes arise as a result of errors made with administration. Any questions must be addressed with the advice of an estate litigation lawyer in order to ensure that no errors are made. Trustees and executors may need extensive legal advice to ensure they understand what their duties and obligations are.
Estate administration and probate
One of the most common issues is probate. Probate is the verification by a Court (usually a Judge) that the will in place is valid. Probate also verifies that the executors or trustees appointed have the authority to administer the estate. If probate does not occur in a timely manner, administration may be delayed. For example, some institutions such as banks may refuse to release funds held in bank accounts to the executor or trustee for distribution until probate takes place.