Estate and Trust Administration
We know that coping with the death of a loved one is difficult enough, without having to face the legal issues associated with administering an estate—and we’re here to help you through the entire process.
What to expect
The process of estate administration often includes:
– Collecting the decedent’s assets
– Determining and paying his or her debts, expenses and taxes
– Issuing a distribution to beneficiaries
Our attorneys can help you secure the home and personal belongings; handle the Will and Trust; deal with tax matters; and work with the decedent’s accountant, financial advisor, insurance or real estate agent towards a speedy resolution of estate issues.
Estate and Trust Administration Case Studies
Adult Children Need Help After Parent’s Automobile Collided with a Semi Truck
We were asked to assist two young adult children after their parents, Mike and Courtney had been through a tragic automobile accident. During the accident, Mike died on impact and Courtney was severely injured leaving her in a coma for 45 days. In the ensuing weeks, we assisted the adult children in setting up a probate estate for Mike to begin collecting the assets so that the family finances remained as stable as possible. Since Courtney was unable to make her own medical decisions, an emergency guardianship was set up so that the adult children were granted the authority to make decisions for her.
The litigation attorneys advised the family that a significant financial recovery was possible. If Courtney did not spend the entire amount of the settlement, her estate would be subject to significant estate taxes upon her passing. Even prior to receiving the recovery, steps were taken to protect Courtney’s estate through extensive estate planning and asset protection. Furthermore, after approximately 18 months, Courtney recovered sufficiently to make her own decisions and the guardianship was terminated. A revocable trust was implemented so that the adult daughter could help Courtney with financial decisions throughout the rest of her lifetime as needed since Courtney would need additional therapies and surgeries to continue her recovery process.
Sibling Administered Her Brother’s Estate After Other Family Members Looted the Estate
Strohschein Law Group was asked to assist Lisa with the administration of her brother’s estate. Unfortunately, Lisa only learned that she was the Executor one year after her brother’s death. In the intervening months, Lisa learned that other family members had already looted the estate, including the deceased brother’s condo, and took many personal items of value.
After her appointment, Strohschein Law Group assisted Lisa with locating services to clear out the deceased brother’s belongings so that the real estate could be sold. Additional steps were taken to collect the financial accounts that remained in the decedent’s name and court proceedings were initiated to go after the looters. Eventually, Lisa was able to make a distribution to the beneficiaries, including numerous charities that were very important to the decedent.