Trust and Estate Administration

All Estates must be Administered in one of two ways:Probate or trust Administration.
Trust and Estate Administration

Westlake Village, CA Estate Planning Attorney

Estate administration is the legal process by which assets and obligations of the decedent are consolidated, so that his or her obligations can be efficiently paid and assets distributed to beneficiaries. All estates must be administered in one of two ways: probate or trust administration.

Probate Administration

The probate process is a Court supervised proceeding that establishes the validity of a will, or if there is no will, establishes a decedent's estate. The Court provides legal oversight to ensure accuracy in accounting for the decedent's assets, fairness in the treatment of heirs, and protection for the rights of the decedent's creditors. When there is no will, assets are distributed according to a statutory scheme outlined in The Probate Code. Without competent legal counsel, the process can take years.

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Trust Administration

While a revocable living trust may avoid probate, there is still much legal work that is necessary after a death. The tasks involved are often beyond the ability and resources of the successor trustee. The assistance of legal counsel can save thousands of dollars and countless hours of frustration and confusion.

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Estates and Gift Tax Resources

Qualifications of a Certified Specialist in Estate Planning, Probate and Trust Law http://www.calbar.ca.gov/Attorneys/Legal-Specialization/Legal-Specialty-Areas/Estate-Planning-Trust-Probate-Law

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