Estate and Trust Administration

Estate and Trust Administration

When a loved one dies, the details that need to be taken care of by survivors may be particularly
overwhelming during such an emotional time. Our work is intended to help survivors handle the
situations that need tending to
, both at the time of death and afterward, as efficiently as possible.

The primary objectives of estate and trust administration are preserving estate and trust assets and minimizing tax liabilities.

The administration of an estate or trust requires a particular attention. Some of your obligations include but are not limited to:

  • Opening the estate
  • Collecting the trust’s and/or the estate’s assets
  • Managing the trust’s and/or the estate’s assets
  • Handling taxes
  • Winding up the trust’s and/or Closing the estate’s assets
  • Distributing the trust’s and/or the estate’s assets

Probate

Probate is a court-supervised legal procedure that determines the validity of your will. Probate is the process by which assets are collected, applied to pay debts, taxes, and expenses of administration, and distributed to those designated as beneficiaries in the will.