After the death of a loved one, you may be responsible for administering that person’s estate. If you are named as an executor or successor trustee after someone has died, it is important that you understand your rights and responsibilities. The process can be overwhelming, but we are here to help navigate you through the entire process.
Post-Death Trust Administration refers to the process of collecting, inventorying and appraising assets, paying and collecting debts, filing and paying estate taxes, and distributing any remaining assets to beneficiaries of your loved one. Many times when a loved one passes, there can be complex requirements in the handling of the estate. During this difficult time, family members and trustees can become overwhelmed. Our goal is to handle these situations with compassion and sensitivity. Trust Administration can be handled privately and often – at least in terms of asset distribution – in a shorter amount of time.
Our lawyers advise trustees. We present trustees a roadmap of the trust to which they obligate themselves so as to properly fulfill its terms. Then we continue to be a resource for the trustees to ensure that the job is being done right over time.
Estate administration also includes the ongoing needs of the trust such as filing annual tax returns for the trust, protecting the assets of the trust, supervising trust investments, and generally administering the trust so that the rights of multiple current and or future beneficiaries are met.
Contact Us today if you need assistance with the administration of your trust.