Playing the role of a fiduciary agent can prove to be a fulfilling yet challenging task. Someone perhaps who is a friend or member of your family deems you trustworthy enough to manage their estate upon their demise in this case. This undertaking can however take quite a huge amount of work and necessitate involving a seasoned litigation firm like Cummings Manookian PLC. It all depends upon how well-prepared for death that individual was along with their state of finances at the time of death.
Role of a Fiduciary Agent
Assuming such responsibility comes with a couple of tasks. They include asset-disposition, settling of taxes and debts as well as ensuring that heirs obtain their inheritance duly. One also requires taking care of the routine tasks as well, which include cancelling utilities and bank accounts, along with notifying Social Security Administration along with other government authorities of the individual’s demise.
The task is challenging sufficiently without involving the stress of getting sued yourself. This can and does actually happen. Fiduciary agents trying to adhere to the wishes of their friend or member of family can find themselves accosted with a lawsuit that affects them in person. This is the time for finding a competent litigation attorney specialized in estate law to aid you through this situation.
Necessity of Engaging a Fiduciary Litigation Attorney
It is not all too rare for lawsuits to come about in matters of estate law. Many situations arise where a deceased individual had not written a will, leaving the heirs to fight for management of such a person’s assets. This can occur even where a will exists, mostly if appreciable amount of wealth is at stake. The issue gets exacerbated even further when a particular heir is named as the executor. Other heirs might not trust the executor and even sue for change in executor. Lawsuits can also arise at times whereby the fiduciary agent fails to perform their duties as required under the law, either knowingly or ignorantly.
In all such cases, a law firm such as Cummings Manookian PLC can afford you the expertise of a litigation attorney. Such a professional is capable of pin-pointing the pertinent issues within your case and fight to attain your best interests when faced with a lawsuit. Such lawyers are well-verse in estate law and can ensure the executor is working within the confines of law. All an executor requires at times is having a good litigation attorney on their side to ensure quieting the heirs as the estate matter gets resolved. The litigation attorney can still represent you in the court process if this fails to work or try settling the dispute in an out-of-court settlement.
Seeking Representation by a Litigation Attorney
Attorneys who handle fiduciary litigation can represent any person with vested interest in the outcome of a particular settlement of piece of estate or will. This endeavor includes fiduciary agents, executors and representatives, heirs as well as beneficiaries alongside interested third parties. Being your legal representative, the litigation lawyer will attempt negotiating an outcome which protects your interests while abiding by the legal requirements in place concerning the estate. That said one need not wait until a lawsuit or dispute arises before contacting such an attorney. One can obtain immediate assistance by contacting Cummings Manookian PLC.
Business Name: Cummings Manookian PLC Address: 45 Music Sq W Nashville, TN 37203 Contact Name: Brian Manookian Phone: (615) 266-3333 Mobile Phone: (615) 266-3333 Logo URL: http://www.cmtriallawyers.com/wp-content/uploads/2015/05/CMLandingLogo.png Tagline: Real Trial Lawyers, Helping Real People Trading Hours: 7am - 7pm Trading Days: Monday - Friday Payment Types: Visa, MC, Amex, Disc, Check Year Founded: 2014