Trust Administration & Probate

 

If your family has experienced the loss of a family member, our law firm can assist you with the legal process that occurs when a loved one passes away. We strongly believe that a wisely drafted, carefully executed estate plan is the critical component of a family’s wealth management. Our firm’s guiding principle is to provide families with quality Trust Administration and Probate services tailored to each client’s specific needs and goals.

We offer free, no obligation consultations for any family who has experienced the loss of a loved one.

Steps to Take with a Will (Estate Administration)

If your loved one had a Will, the family will go through a process called Probate. This checklist outlines the steps to take when a loved one passes away with a Will.

Estate Administration includes not only probating the will, but also ascertaining the value of the decedent’s assets, providing for the payment of debts and expenses, and the filing of income, inheritance and estate tax returns as well. It may be a demanding and challenging job, with many deadlines to be met, most of which are within nine months of the person’s death, the mourning period for the family.

Depending on the size of the estate, the complexity of the estate plan and the nature and extent of the assets involved, there may be additional demands placed on the executor. As counsel for the executor, we assume responsibility for the administrative tasks enabling the executor to address the needs of the beneficiaries.

Trust Administration

If your loved one created a Living Trust, the family will go through a process called Trust Administration. This checklist outlines the steps to take when a loved one, who created a Living Trust, passes away.

Upon the death of a person who created a Living Trust, (the Trustor), the Trustee must take steps similar to those described above for executors, especially if most of the assets are titled in the name of the Living Trust. We serve as counsel to the Trustee and provide assistance with the administrative duties required of the Trustee in order to obtain the various benefits and tax planning opportunities, put in place by the Trust, which are available to the beneficiaries. When a Trust is not administered properly the Trustee runs the risk of causing the beneficiaries to pay additional amounts in estate taxes, as well as creating disputes among family members.

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