Dealing with the death of a family member or friend can be emotionally draining, and settling your loved one’s estate while working through the grieving process can be particularly overwhelming. Our team at Bennett Watson Trust & Estate is here to help you by providing as much, or as little, guidance as you need to ensure all of your legal duties are satisfied.
Estate & Trust Administration
Guidance for every step of the administration process.
The administration process can be quite complicated. The process generally involves:
- Notifying certain individuals in accordance with the law
- Opening bank accounts
- Paying the decedent’s final expenses
- Settling creditor claims
- Arranging for the collection and sale of assets
- Obtaining valuations of property
- Filings with the IRS and the court, as needed
Paying special attention to beneficiary designations and how assets are titled is crucial during this time, and proper accounting must be maintained throughout the process and provided to beneficiaries. Bennett Watson Trust & Estate can help represent you through the administration process.
The settling of one’s affairs is a time sensitive and demanding process. There is a lot to know and even more to do. If you find yourself in need of legal advice in this area, we welcome you to contact us to schedule a personal meeting. We are here to guide you through every aspect of the process.