Probate Actions: Important Considerations
How do I safeguard my family’s assets?
Losing a family member is almost always a difficult and overwhelming experience. When a family member passes, it is important that the person’s home(s), land, financial accounts, vehicles or boats, and personal belongings are properly distributed to his or her heirs. If the proper procedures are not followed, questions regarding true ownership of the assets could arise years, or even decades later. It can be much more difficult, complicated, and expensive to resolve these issues as more time passes.
In the Virgin Islands, there are different procedures for probate depending on the value of the property and whether or not there is a valid will. A competent probate attorney can help you navigate the probate process and help safeguard your family’s assets by ensuring the property is properly distributed according to law. Additionally, careful estate planning can eliminate the need for a probate case altogether.