Our firm offers comprehensive Trust Administration & Probate legal services to trustees, personal representatives (executors or administers,) heirs and family members. Estate Administration can include probate and non-probate matters.
Whether a decedent dies with or without a trust or will the estate must be administered. Every estate must be administered even if pre-death estate planning was performed by the decedent. This includes, a decedent who died with a Living Trust, assets are jointly held or if payable on death (POD) to a designated person. The misconception that if you have a trust you don't need after death administration is false.
During the estate administration process the family will address personal and financial matters related to the decedent and the estate. The main functions of estate administration are:
- Identify and Inventory Estate Property
- Collect and Manage All Assets
- To Pay Debts and Taxes Owed by the Decedent and the Estate
- Distribute Property as Directed by the Trust, Will, or State Law
- Final Accounting