As named Executor (“Personal Representative”) in a Will, or Trustee of a Trust, you may not know your legal responsibilities or how to perform them.
Do you need to probate the Will or not? What does all this paperwork mean? How long will the probate process last? What if there is no Will? Do you have to obtain a bond? What if the decedent owned property in more than one state? What if the decedent owned real estate or other business interests? What if the beneficiaries cannot get along? These questions and others are often difficult to answer and understand.
Being an Executor/Trustee can feel like a thankless task. It can be a complex, time-consuming and demanding position. It requires dedication, attention to detail, knowledge and professionalism. When people plan their estate, they often appoint a trusted friend or relative – this as a way of acknowledging respect or admiration for the person appointed. Where real estate, stock and investment accounts, retirement accounts, or other significant assets are involved (with multiple beneficiaries), the estate or trust administration process can be overwhelming.
We are experienced in all facets of Estate Administration and Trusteeships. We will clarify the process for you, prepare necessary documentation, communicate with asset holders, and represent you in your capacity as a Personal Representative or Trustee before the court. It is very important to understand that you are a legal fiduciary to the heirs of the Estate or beneficiaries of a Trust – responsibilities where you can be held personally or even criminally liable if you exercise your duties in an irresponsible way.
Our law firm strives to keep costs reasonable and fair – we do not charge flat rates based on a percentage of assets. If you need help navigating the murky waters of the estate administration or trust process, set up a free consultation today.
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Above all else, we are a trusted friends.