Hands-on help for trustees and executors
If you have been named the trustee or executor of your loved one’s estate, you may be feeling overwhelmed, confused and unsure of your responsibilities. If your loved one died without an estate plan, you may be wondering where to start.
Whether or not you have a road map to follow, it is normal to feel overwhelmed in this situation. You may be exhausted, in shock or in grief, at a time when you are expected to understand what can be a very confusing process even under the best circumstances.
If you don’t live in close proximity to the person who died, this can make the process even more difficult.
Even a small estate can be overwhelming for a family member who is grieving. My job is to provide hands on help during this difficult time, allowing you to grieve your loss and focus on family and friends.
Each estate is different. The trustee and executor tasks vary according to the size and complexity of the estate, and whether or not the estate has to go through probate. The following are some of the tasks that trustees and executors are responsible for:
- Locating original will and trust
- Lodging the will
- Transferring title on assets
- Monitoring incoming mail
- Preparing real property for sale or rent
- Locating account numbers for bank accounts, insurance policies and retirement accounts
- Obtaining appraisals for real and personal property
- Keeping track of all estate expenses
- Noticing creditors
- Keeping beneficiaries informed
- Distributing assets to the beneficiaries
- Holding an estate sale
Although, you retain your fiduciary role as executor or trustee, I am available to handle the many tasks associated with the estate administration. This can be especially helpful if you have been named the executor or trustee and do not live locally.
Every situation is unique. I am available to handle as many or as few of the administration tasks as you want. My services include: attending attorney meetings with you; keeping track of time sensitive items, lodging the will, obtaining date of death values on assets, inventorying personal property, monitoring incoming mail, notifiying creditors, coordinating estate sales and preparing a house for sale or rent.
Because estate administration can be a big job, I often work with local attorneys, professional organizers, estate sale specialists, real estate agents and moving companies to create a team of professionals based on your specific needs.
*Estate administration services are considered an estate expense and are paid by the estate so there is no out of pocket expense to the trustee or executor.
My clients retain their legal and fiduciary responsibilities as executors and trustees. My job is to provide hands-on help to you as you settle your loved one’s estate, however; I do not act as executor or trustee. Additionally, although I have a law degree and experience in estate planning, I am no longer a practicing attorney and therefore cannot draft legal documents or offer legal advice to my clients.