Estate & Trust Administration
We have experience assisting personal representatives and trustees with the administration of estates and trusts within the Commonwealth of Pennsylvania. Our attorneys can assist with the maintenance of estate and trust assets, provide advice on the taxation of an estate or trust, and assist with the final distribution to beneficiaries. Whether it is a small or large estate or trust, our office can help.
What do we mean by Estate Administration?
If you have been named the executor of a Will, you have likely been overwhelmed by the various requirements, notices, and tax claims. Filling out state and federal schedules and meeting (or trying to meet) strict deadlines can be difficult. It’s not only helpful, it is essential to call on the assistance of a professional who understands and is well-versed in estate administration. Estate administration may include:
- The formal probate of a Will
- The granting of the appropriate letters of administration
- Proper advertisements of the estate
- Filing all the necessary state and federal tax forms
- Paying the final debts of the decedent
- Making a first and final accounting
- Final distribution to beneficiaries
- Generally tying up every loose end which may exist
- Finalizing and closing the estate
What do we mean by Trust Administration?
If you have been named a trustee, you there are several duties that you must follow. Like with estate administration, it is essential to call on the assistance of a professional who understands and is well-versed in trust administration. Trust administration may include:
- Proper advertisements of the trust, if required
- Properly notifying beneficiaries
- Filing all the necessary state and federal tax forms
- Maintaining trust property
- Accounting to beneficiaries
- Final distribution to beneficiaries
Whether it is an estate or a trust, our attorneys can take the load off of your shoulders. Contact us for a free consultation!