What You Should Know About Estate Administration

What You Should Know About Estate Administration

If the time has come for you to begin learning about the importance of estate administration, you’ve come to the right place. There are many things worth knowing about estate administration, and with a bit of self-education, as well as the assistance of a skilled and experienced estate administration attorney, you will put yourself in a far better position going forward. For years, we have helped clients through some of the most stressful times in their lives, and we are ready to do the same for you. Please read on and reach out to our experienced firm to learn more about what we can do for you. Here are some of the questions you may have regarding the legal process going forward:

What happens in probate administration?

When an individual passes away without establishing a trust or a will, their estate will most likely be handled by the probate court. However, if you are chosen as the administrator of the estate, there are several things you need to know about the process going forward. If chosen, you will be responsible for filing a petition for probate with the Orphans’ Court, create a comprehensive account of all the decedent’s assets, publish a statement in the local paper instructing all those who have a claim against the decedent to do so now. Additionally, you will be responsible for filing all outstanding state, federal, and estate taxes, distributing the assets named in the will, and filing a Certificate of Compliance to close the estate.

What is the trust administration process like?

If a person dies without transferring his or her assets over to a trust, there is a very good chance either probate or estate administration will become necessary. Trust administration is conducted to ensure that all a decedent’s taxes and debts are paid, the title to his or her assets is cleared, and that all other arrangements are settled with his or her heirs and beneficiaries. Our firm is ready to help you through the estate administration process. We understand how difficult this process can be, both legally and emotionally, which is why we pride ourselves in providing individuals the respectful, dignified, and knowledgeable services they need.

Contact our experienced Maryland firm

The attorneys at JD Katz have years of experience compassionately guiding clients in Maryland through the estate planning and administration process. Our firm also has experience with matters of elder law, business law, tax law, and litigation. For a legal team that will put your needs first, contact JD Katz today.

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