Losing someone you love is one of the most stressful events you will ever experience. The last thing you want to do at a time like this is to make important financial decisions while you are stressed. Such as managing assets, paying bills, dealing with the probate court and many other important issues—issues that can have a major impact on your family’s current and future financial situation. At Anthony Kirkland, Attorney P.C., we can guide you through this difficult time compassionately and efficiently. We understand what you are going through and have the experience to handle the process for you, so that you can concentrate on coming to terms with your loss and getting on with your life.
Estate And Trust Administration
The process of administering an estate, and in particular, a trust, can be very complicated, depending on number of assets owned, the nature of the trust (or trusts) involved, and many other factors. For example, if you have been named as a Trustee, you will likely be responsible for all of the following:
Identifying and specifying all of the assets owned by the trust
- Determining the value of these assets
- Identifying the beneficiaries of the trust
- Providing a wide range of information to the trust’s beneficiaries
- Accounting for how the resources in the trust are managed
- Distributing the trust’s assets to beneficiaries
At Anthony Kirkland, Attorney P.C., we help you understand your responsibilities as trustee; guide you through the process of administering the trust; ensure you do not make mistakes that could leave you personally liable for failing to comply with the mandates of the trust; and work closely with any other professionals who might be involved, including financial advisors, accountants, and others. Please contact us today to see how we can be of assistance in this area.
Many of our clients have heard of probate but wonder exactly what the term means. Probate means “to prove” the will was executed according to the law. Administration refers to the court-supervised distribution of a person’s assets after he or she has passed away. It can be frustrating, public, needlessly expensive and time-consuming process that can take anywhere from six to 24 months, depending on the size and complexity of the estate, local rules and the schedule of the Georgia probate court itself. Typically, probate proceedings require all of the following (and sometimes, much more):
- Filing a petition with the probate court
- Notifying heirs named in the Will or, if there is no Will, notifying statutory heirs
- Petitioning to appoint an Executor (if there is a Will) or an Administrator
- Making an inventory and appraisal of all estate assets
- Paying estate debt to creditors
- Selling estate assets
- Paying inheritance and estate taxes
- Distributing assets to heirs
At Anthony Kirkland, Attorney P.C., part of our practice involves helping families avoid probate. However, if you are faced with the prospect of dealing with the probate court, we invite you to contact our office for assistance. We can make the process as stress-free and efficient as possible.