Posted On: November 25, 2010

METRO ATLANTA, GEORGIA ESTATE DISPUTES LIKELY RESOLVED FASTER THROUGH MEDIATION THAN COSTLY LITIGATION

North Georgia estate disputes can easily ruin relationships between family members. These types of issues include will contests and sticky situations such as the removal of a family member deemed unfit to be the executor of the will. We can all think of examples of famous estate disputes that have resulted in long drawn-out legal battles that last for years, even some that extend beyond the lifetime of the heirs. Due to the emotionally charged nature of probate hearings, when an issue comes to the surface during probate it is difficult to solve quickly without more emotional and financial damage to family members and a loss of estate assets.

Georgia Probate Mediation in the North Georgia/Metro Atlanta area, is one alternative to allowing disputes to be resolved in a protracted probate trial. The Probate Judge will often prescribe a court ordered mediation to resolve conflicts between heirs and beneficiaries of a Georgia Estate. This is done before the probate proceedings start or just after they begin, when conflicts have just come to the surface. During mediation the parties involved can air their concerns, present evidence and confront each other on the issues. Anything agreed upon between the parties during mediation is binding and will carry forward into the probate hearing. An experienced North Georgia probate litigation lawyer can assist in this type of mediation by helping participants present their position on the issues.

There are some red flags to consider indicating that North Georgia estate disputes are likely and mediation should be considered. These include multiple marriages during the life of the deceased, children who are left out of a will, preferential treatment of people outside of the family, special treatment given to certain children and family members (other than the spouse), recent changes to the will that cut out specific heirs and when the administrator or executor are slow to perform the Georgia Law Required Fiduciary Duties required of them. If these conditions present themselves, it is a good idea to consult with an Atlanta, Georgia probate attorney with expertise in estate litigation, who also has experience with dispute mediation. With good legal representation, all sides in the dispute can receive fair treatment and the probate process can move forward before the estate’s assets are spent.

Georgia Probate Mediation is one of Our Firm’s specialty practice areas. From our Atlanta-based Main-Office, Our Atlanta Probate Mediation Lawyers handle Georgia Probate Proceedings all over Georgia. Some of the counties and cities include Atlanta, Buckhead, Sandy Springs, Fulton County, Gwinnett County, Duluth, Lawrenceville, Forsyth County, Cumming, Cobb County, Marietta, Acworth, Kennesaw, DeKalb County, North Atlanta, Decatur.

In these counties and cities, and other North Georgia areas, we can assist you with Georgia Probate, Breach of Fiduciary Duty, Breach of Trustee Fiduciary Duties, and other proceedings where the Georgia County Probate Court would likely have jurisdiction.

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Posted On: November 17, 2010

FOR GEORGIA PROBATE LAWYERS – BEST PRACTICE MANAGEMENT FOR GEORGIA PROBATE PROCEEDINGS – MINIMIZE CONFLICT AND MAXIMZE ASSET DISTRIBUTION

As a Marietta, Buckhead, Sandy Springs, and Atlanta Probate Attorney, I have seen the tell tale signs that there are many advantages to establishing a solid Georgia estate plan, yet most people do not have one. Even when a plan does exist with a will, it is possible that the will has not been updated in years. Unfortunately, an out-of-date will can be as costly as not having any will at all, as heirs and beneficiaries will inevitably fight over assets in the estate. As an Atlanta, Georgia Probate Litigation Lawyer, my team and I are experienced in all areas of estate planning and litigation and have helped clients set up effective estate plans that minimize conflict and maximize asset distribution.

Moreover, should you not proceed with properly setting up your estate through a number of different tactics, you could be setting legacy up to being remembered by an embattled North Georgia Will Contest and Protracted Georgia Probate Litigation in North Georgia.

Ultimately, the Court’s goal is to close the estate by distributing the assets. Steps in the probate process include proving the validity of an existing Georgia will, determining if a named executor is fit to administer the estate and appointing a replacement if necessary, appointing an administrator if no will exists, accounting for estate assets, paying debts and taxes, and distribution of any remaining assets per the will or per state law, in the absence of a valid Georgia will.

This probate process is very efficient in Georgia, but some fees and court costs will be required. Legal counsel and other expenses related to the proceedings will be paid for out of estate assets. Additionally, any costs associated with Georgia probate litigation resulting from conflicts between the heirs, beneficiaries, executors or administrators are payable by the estate. Besides the monetary cost of such conflicts, long-term damage to family relationships is common and is best avoided if possible.

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Posted On: November 11, 2010

THE GEORGIA PROBATE PROCESS ALLOWS THE EXECUTOR (PERSONAL REPRESENTATIVE) TO RECEIVE STATUTORY FEES

Personal representatives of Georgia estates perform a complicated task that carries a serious fiduciary responsibility and is closely monitored by the probate court system. Personal representatives, also known as executors and administrators, are either named in a will or appointed by the probate court to administer the assets in a decedent’s estate. Georgia probate law allows for personal representatives to hire legal counsel related to the Georgia probate process and also permits a fee to be paid for the work on the estate. The fee is a percentage based on the value of assets identified by the personal representative as estate property, the income generated by the assets in the estate during the probate administration process and the value of assets that are distributed by the estate at the end of the Georgia probate administration proceedings.

Georgia Code - Wills, Trusts & Estates - Title 53, Section 53-6-60
(b) If the personal representative´s compensation is not specified in the will or any separate written agreement, the personal representative for services rendered shall be entitled to compensation equal to:

(1) Two and one-half percent commission on all sums of money received by the personal representative on account of the estate, except on money loaned by and repaid to the personal representative, and 2 1/2 percent commission on all sums paid out by the personal representative, either for debts, legacies, or distributive shares;

(2) Ten percent commission on the amount of interest made if, during the course of administration, the personal representative shall receive interest on money loaned by the personal representative in that capacity and shall include the same on the return to the probate court so as to become chargeable therewith as a part of the corpus of the estate;

To properly understand the exact value of the assets and what percentage of these items is allowed as a statutory fee, it is important to consult with an experienced Atlanta, Georgia probate attorney. A probate attorney can also help the personal representative fulfill the fiduciary responsibility that is inherent in the task of administering an estate. The personal representative is required by law to fairly perform the duties and failure to do so can result in a lawsuit against the executor or administrator. Even if the failure to perform the duties properly is due to an innocent lack of understanding by the personal representative, he can be held legally responsible. Hiring a Georgia estate lawyer will not only limit the personal liability of the representative, but will also help preserve estate assets and keep the beneficiaries and heirs satisfied so that the estate can be administered as efficiently and quickly as possible.

Unfortunately, in my Atlanta, Georgia Probate Law firm many personal representatives only come to me for help once problems have surfaced during the probate process. In most of these cases, by the time I get involved a lot of damage has already been done that results in a loss of estate assets and a break down in the relationship between the personal representative and the Georgia beneficiaries and heirs. Most times these individuals are family members and, during the stress of the Georgia probate process, the conflict caused by innocent misunderstandings can permanently damage these precious relationships.

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