WILLimgHave you been appointed as a trustee or executor? Whenever a person passes away, his or her estate needs to be collected and managed. Estate administration is the process by which the decedent’s assets are gathered together, debts are paid, and the remaining assets are distributed to beneficiaries.  As a fiduciary, utmost care is required to avoid getting sued.

Merrill A. Hanson knows what it takes to wind up an estate, and he strives to wind up your loved one’s affairs outside of probate court as efficiently as possible. Most administrations require assistance in the following areas:

  • Trust interpretation
  • Preparation of statutory Notice to Beneficiaries
  • Preparation and recording of documents with the Registrar Recorder/County Clerk
  • Inventory of assets and liabilities
  • Obtaining trust tax identification number
  • Negotiation with creditors
  • Preparation of trust asset allocations and assistance with distributions
  • Trust Accounting
  • Business Succession
  • Changes in title
  • Coordination with other professionals for preparation of tax returns
  • Annual maintenance programs to assist with ongoing trust administrations

If litigation cannot be avoided, Merrill A. Hanson can represent a Trustee or Beneficiary in court:

  • Will contest
  • Breach of Fiduciary Duty
  • Failure to Account
  • Trust interpretation or modification

Compliance with laws and fiduciary duties in a quick and efficient manner is key to a smooth estate administration. Remember, it all starts with a properly written estate plan.