When a person passes away, loved ones and the existing financial situation are left behind. Exactly what needs to be done and when, are common questions. Administering any estate involves legal, tax, financial, and personal issues. We have served as the trusted attorney for many estates, guiding and serving the unique needs of each family.
Importance of Legal Advice for the Personal Representative
Because of the legal and tax complexities involved in the administration of any estate, it is strongly recommended that the Personal Representative of the estate (Executor, Administrator, or Trustee) retain the services of an experienced estate administration attorney. This is particularly so because the Personal Representative has personal liability for all of his/her actions. One wrong step or the failure to account for all estate assets could cause the Personal Representative to be personally surcharged and have to dip into his own pocket to pay for his mistakes. Obviously, this is a consequence to avoid at all cost.
Learn more about Estate Administration on these important pages.