Estate Administration


Administrating an Estate involves the process of handling the affairs of someone who has passed away and distributing the assets they left behind. The person, people or sometimes company appointed to handle that process legally are called trustees, executors or administrators. If not appointed in a Will, this person, people or company is dictated by Court Order or by the agreement of beneficiaries entitled to a share in the estate.

If you are unfamiliar with the process of estate administration, it can be a daunting task. You will be responsible for winding up the affairs of the deceased and for distributing the estate to the beneficiaries. This means making funeral arrangements, communicating with beneficiaries, filing a final tax return and maintaining the assets safe and secure until everything is distributed, among other things. Sometimes this can be a demanding effort in terms of both time and energy and you should consider this before accepting the responsibility of the role. If chosen, however, the courts have traditionally allowed executors to charge a fee for their services.

If you have been named as the Estate Trustee, it is best to meet with a lawyer for a detailed review of what is involved. At our firm we offer clear guidance in estate administration and the experience and knowledge to guide you through the entire process while ensuring you are legally protected in your actions.

If someone you know has passed away without leaving a Will, it may be even more important that you consult with a lawyer to find out your next step. Depending on the estate, a court process may have to determine who will administer the estate. At our firm we have the experience that will make this difficult time a lot easier. Come in today and we will be happy to discuss the matter with you.

Once you have entered the real estate market, you will also want advice on how to hold title to your properties and how to manage your assets long-term. This might include tax considerations and succession planning, not to mention contingency planning for dealing with your assets during difficult times or circumstances.

Having a knowledgeable lawyer helps save your investment by avoiding common mistakes and pitfalls in any one of these areas. Our firm has the experience and network to help you. Our personalized approach puts our clients first, making each one not a number, but a member of our firm family.

FAQs


What is an Estate?

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What is an Executor, Estate Trustee or an Administrator?

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