Newsletters Blog ClientDocx Contact
estate administrationEstate Administration
 
If estate planning is the process of designing a playbook, estate administration occurs when the playbook is put into action. The process begins with an event that triggers a provision in your estate plan, such as incapacity or death. The plan becomes 'executory', meaning that the individuals you designated in your plan documents must step into action and execute according to your instructions. 
 
Estate administration can be complex and the people you have designated must have competent and experienced counsel to guide them through the process. They must make important decisions, sometimes under pressing time constraints, and they need help to make decisions wisely. Executors may need to prepare inventories of your property, prepare tax returns, determine date-of-death values, cancel accounts, and sign other important documents. Ultimately they must divide and distribute your property to those individuals or charities you identified in your Will or trust agreement.

Our attorneys can help guide your loved ones through the process sensitively, and will try to make it as straightforward and efficient as possible. Just a few of the many tasks involved when administering an estate may include:
  • File an original Will (if any)
  • Start the probate process if required
  • Gather trust terms (if any)
  • Notify beneficiaries
  • Review critical state and tax deadlines to avoid penalties and prevent filing errors
  • Prepare paperwork for out-of-state assets
  • Calculate unpaid taxes
     
As noted above, estate administration carries a lot of responsibilities. Our estate planning lawyers manage the estate administration process every step of the way. Whether the decedent had assets in multiple states or foreign trust accounts, or a simple Will and minimal assets, the attorneys at TrustCounsel can help.