Families who own a lot of assets, particularly stocks and real estate, need the help of litigation lawyers to administer fair and equal asset distribution. A number of cases that involve violation of beneficiary rights have reached court and lawyers are the best people to represent individuals.
If you are a beneficiary, know that you have the rights to know how assets are being distributed. In addition, distribution should be in a timely manner, with equal treatment. You can take action and file a lawsuit in case any of your rights are violated.
Rights of Will Benefactor
Disputes lawyers are helpful in handling disputes over assets. They can help protect their client’s rights and ensure that they get equal and fair resources.
A sudden loss of a loved one can be an emotional time for all the family members, however, it is still recommended to hire attorneys to uphold the rights of beneficiaries.
Lawyers can help with the following situations:
- One beneficiary was excluded in the asset distribution process without any warning
- A long period of time has passed and there is still no news on the process of the distribution of assets
- The terms provided by the deceased were not followed
- Unfair asset distribution
For business asset distribution, disputes can revolve around profit distribution, classification of assets, use, and transfer of assets. You need the help of litigation lawyers to handle these things and achieve fairness among all the beneficiaries.
Under the Designation and Inheritance, the executor must notify the beneficiary of the information about the will. However, the beneficiary is not entitled to appraise or view his or her inheritance until after the asset was transferred to her.
Types of Assets
Cash is not the only type of asset that most people fight over. Non-tangible goods such as licenses, stocks, copyrights, and patents are also considered as valuable resources. In addition, investment accounts, donations, real and personal properties also count.
Role of Litigation Lawyers in Asset Distribution
Fair asset distribution and the right to financial information are important rights of a will benefactor. If you lost a loved one and have questions about their estate and other financial information, you need to reach out to a lawyer to do things in the right way.
The role of a litigation attorney is to help clients in their capacity to uphold their rights. If you think you should have been a beneficiary, assert your legal rights and consult with a lawyer. These professionals know the laws that can help you with will-related issues.
Estate administration is part of the role of a litigation attorney. While a lot of families have no issues with inheritance, there are also some that are surprisingly complicated and need legal assistance. If you happen to be one of the people who are in a tricky situation, don’t hesitate to consult an attorney. Even if you are not part of the will but if you feel like you should, give yourself peace of mind and contact the best litigation lawyers to help you.