Trust & Estate Administration

A trust is a private legal arrangement in which a trustee holds and manages assets for the benefit of specific individuals or entities. An estate refers to the assets, debts, and liabilities in the individual name of a person upon their death.

Probate is a process in which the court appoints an executor or administrator to transfer assets in the deceased’s estate to the people who are entitled to receive the assets. The administrator or executor is responsible for filing the deceased’s final tax returns, and performing other administrative tasks.

Assets you put in your trust while you are alive bypass the court probate process when you pass away. This saves time and money administering your assets upon your passing. Revocable trusts are easily amended.

Hiring an experienced and skilled professional law firm, like us, is crucial to navigate the complex legal and financial aspects of administration of a trust and estate and to ensure compliance with applicable laws.