When a family member dies, someone needs to provide “Estate Administration” services for the deceased. Someone must wind up the person’s debts, taxes, transfer or close down a business, transfer property ownership, re-title and distribute assets and other personal affairs.
“Estate Administration” becomes necessary — whether the decedent properly planned with a “Will” or “Trust” or other documents — or not.
At Mullaney & Mullaney, we have lawyers who can handle any estate or trust administration, large or small, local or global.
Why Rely on Us?
We have experience. Most people encounter “Estate Administrations” once or twice in their lifetime. The process is not rocket science, but get it wrong and you will be very sorry for all of the added burden, and at the worst possible time – after you have just lost a loved one.
Relying on our experience will calm the process for you, ease your worry, and ensure that you have fulfilled all of your responsibilities by the end, correctly and completely and professionally.
Some of the typical steps required during Estate or Trust Administration include:
- Probate, with or without a will.
- Proceedings before the Register or the Court, if and where necessary.
- Identifying and formal notification of heirs.
- Filing of certification.
- Identifying Assets, Liabilities.
- Creating an estate bank account.
- Creating a trust bank account.
- Evaluating investment strategy during administration period.
- Liquidating and/or selling assets.
- Paying creditors.
- Accounting for cash flows.
- Obtaining official date of death data.
- Arranging appraisals.
- Coordinating taxation with beneficiaries of non-probate assets.
- Preparing and filing all applicable tax returns.
- Distributions and conclusion either through Court proceedings or agreement.
- Insolvency proceedings.
- Coordinating proceedings in other states and countries where necessary.
At Mullaney & Mullaney, we can help you through these steps, and more. Simply make an appointment by calling 610-584-4416.