Years Of Experience In Trust And Estate Administration
The passing of a family member or loved one is an incredibly stressful time that is even more stressful when you are appointed the administrator of an estate or the trustee of a trust. Even in cut-and-dry situations, estate administration does not always go according to plan. Depending on the estate’s complexity, the administration process can be simple or take months while assets and property are considered and distributed.
When administering someone’s estate, the actual steps can be confusing, especially during an already emotional time. It is important to hire an attorney who has experience and practices estate and trust administration with knowledge and compassion. Attorney Bill Peterson has experience helping clients with estate and trust administration throughout Minnesota. Peterson Law Office, LLC, can provide essential help during difficult times.
Helping You Administer A Trust Or Estate
Estate or trust administration is the process of supervising and distributing a trust to beneficiaries, completed by the trustee. This process often includes taking inventory of the estate, filing income or estate taxes, paying off debts and distributing assets to family and loved ones, depending on the instructions in the trust.
Because of the massive responsibility placed upon trust administrators, seeking legal help can benefit you immediately. Years of experience helping clients administer trusts have shown us the ins and outs of dealing with such a sensitive area of law. We are here to assist you with efficient trust administration throughout the entire process. From filing court paperwork to handling issues that arise, I can help you with each step of the administration process to ensure that the process is done correctly and the wishes of the deceased are respected and fulfilled.
If you are looking for an attorney to help with an estate, Peterson Law Office, LLC, can help you. With attorney Peterson’s unique combination of experience, we can provide reputable and skilled trustee services that include legal guidance and a relationship with the family members involved. Our clients are important to us, and we recognize the amount of faith that goes into entrusting someone with sensitive issues and information. Our goal is always to ensure that our clients understand everything that is happening every step of the way. We are also here to answer any critical questions you may have, such as:
How Long Can The Probate Process Take?
A typical range for these cases can be several months to a few years, but we do not want to drag things out longer than necessary. Every case is unique, and our goal is to resolve your estate administration needs in as little time as possible without sacrificing the quality of the outcome.
How Does An Estate Administrator Collect Payment?
Among all the worries that you may have after losing a loved one, paying your lawyer is not one in estate administration. While lawyers do need to be paid, we only collect our payment from the estate assets. This way, nothing comes out of your pocket when benefitting from our services.
Will You Have To Pay Your Loved One’s Debts?
As long as the debt in question is solely in the decedent’s name, no one else will have to be liable for it. Debts, including credit card debt, medical bills, utility bills and rent/mortgage payments will have to be settled by the estate. If you or someone else has paid any debt already, it may be possible to seek reimbursement.
Taking Some Of The Trustee Obligations Off Your Shoulders
The responsibilities of administering a trust or estate can be tremendous. We can help you relieve the burden of shouldering trustee obligations on your own. Contact Peterson Law Office, LLC, at 952-641-7312 or online to schedule a consultation and get started.