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Estate distribution is the process of dividing up an estate so it can be distributed to heirs. The executor is responsible for overseeing this process, which entails a lot of responsibility. Because estate distribution can be complex, it’s best to secure competent legal counsel before moving forward.
Walk-In Wills offers clear and concise legal guidance to clients in New Mexico. Our attorneys will explain the distribution process step-by-step so you can remain proactive in how the estate is handled. They also counsel you on other estate planning matters, including powers of attorney, living wells, and trusts.
Different types of assets are distributed in different manners. Here is a breakdown of how common assets are distributed:
Some heirs may find fault with estate distribution. In this case, the will itself can be challenged, which means that a person with standing is claim that the will is invalid in some way. Wills can be contested for all kinds of reasons, including the creator not being of sound mind or even being coerced into signing a will they didn’t agree to. It can also be claimed that the will doesn’t include genuine signatures or is missing some crucial clause.
While a will is being contested, assets will remain in limbo until the matter is decided. A court may consider a will to be invalid, which means it would be thrown out and the court would ultimately determine how assets should divided up.
If you’re an estate distributor and have run into an issue during your duties, Walk-In Wills are here to help. We take pride in offers clients a stress-free, convenient process from start to finish.