Estate Planning and Trust Administration Attorneys Can Make Life Easier
Estate planning and trust administration attorney can do several things that make your life easier. When a loved one passes, their estate may need to go through estate administration before it is settled. There are several things associated with this process, and having an attorney to help can make the process run smoother. An estate plan is essential. This is your legacy. It’s more than just going through what you own and who gets what one you have passed away. Even when your estate plan is spelled out, making sure your wishes are followed is difficult. An estate planning lawyer can do several things you will not be able to do on your own.
Probate?
Transferring the title to the property in the deceased’s name without a designated beneficiary is a process known as probate. Each probate estate is different, but many undergo the same process. First, a petition is filed in probate court. Notice to any heirs is sent if there is not a will. A petition is filed to appoint someone to execute the will. Inventory is taken, and the administrator of the estate conducts an appraisal. Payment is made to creditors and assets are sold. Payment of taxes is made. Finally,the distribution of the estate is made to heirs. The estate reimburses all expenses incurred by the executor. Executors also obtain reasonable fees for any services they provide, which must be approved by the court and the beneficiaries. The executor is required to fulfill their duties with integrity, and if they fail to do so, the court holds them responsible. Alameda Probate Attorneys are familiar with the process of executing an estate and know how to complete tasks without conflict.
Trust Administration
Alameda Trust Administration Attorneys can assist as you plan for your future. A trust is used to hold the legal title of a property. This method is used to set assets aside for beneficiaries. Trust administration is a process that ensures the management of your assets to protect the value of your beneficiaries. When trust administration is completed correctly, it can help ensure the prosperity of your trust and assist in paying off debt. At times, probate is more than just handing out assets. Lawyers defend the interest of their clients when disputes over debt, intent or beneficiaries come up. Emotions can charge these disputes. A trained attorney can help ensure everything runs smoothly and goes according to your plan.
Estate Planning
Estate planning attorneys in Alameda can do several things to make things easier. They can customize your will. They will not mess up the customizations you want to make. You could do it yourself, but your life may not fit neatly into a fill-in-the-blank template. Typically, life is more complicated than that, and your estate planning should be too. Attorneys can also avoid taxes associated with the estate and probate. Using an attorney can prevent your estate from reaching probate. Your lawyer can use death beneficiaries, gifts, and joint property ownership to keep your estate out of probate. Another thing they can do is use a trust instead of just handing everything out. A lawyer will be able to walk you through this process. They also know what route fits your situation and they can let you know when you need to update your plan. Alameda Estate Planning Attorneys can make sure your will reflects your wishes exactly how you want things to be carried out.
Tseng Law Firm can assist with your trust administration and estate planning needs. They can ensure that your wishes are carried out exactly how you want them to be.