Whether you have a Will, a Trust, or nothing at all, there will come a time when our affairs must be administered. If you die without planning or with a Will, a court proceeding known as “Probate” will need to be started. Probate is a court-supervised process for appointing a personal representative (executor) to pay creditors and distribute the individually owned assets of a deceased person. Even with a Trust, administration will become necessary. If estate planning is the process of designing a playbook, Trust Administration occurs when the playbook is put into action.
Probate and Trust Administration can be complex and the people you have designated must have competent and experienced counsel to guide them through the process. The estate administration process carries a lot of responsibilities and risks. At Hallock & Hallock, we can help guide your loved ones through the process in a sensitive and competent manner.
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