Estate ADministration
When a person passes away, there are formal legal steps that must be taken to transfer assets. If you are the Personal Representative or Executor named in a Will, your role is to distribute assets according to the provisions of the Will. If a person dies without a Will, the state law's will govern who will receive the property. The Personal Representative is granted “Letters ” by the court which authorize that person to see to it that the decedent’s final expenses are paid and the property is distributed.
For small estates under $50,000.00, one can take advantage of a simplified process in Indiana. A Probate attorney can be of great assistance in navigating through the waters of probate, as the forms and procedures can be complicated.
TRUST ADMINISTRATION
Trustees must follow legal procedures to administer and distribute a decedent's trust property. This may involve things such as notifying beneficiaries, paying expenses, and filing tax returns, but they also have an obligation to make sure property is managed appropriately. This can become complicated, and having assistance from an attorney can make the process easier.
It can be a difficult time to grieve the loss of a loved one and have to spend time and effort in administering their Trust or Estate. An attorney knowledgeable in this area can be a great help, so you can focus on your family.
Contact Lindsay today to learn more about probate or trust administration and how the Koler Law Office can provide you with legal support during this difficult time.