Probate and trust administration can be complex and time-consuming processes. At Peters and Krown, we understand that these matters can be overwhelming and emotional for our clients. That's why we offer probate and trust administration services to help guide our clients through these difficult times.
Probate vs. Trust Administration
Probate is a legal process that occurs after someone passes away, and it involves distributing their assets according to their will or state law if there is no will. Trust administration, on the other hand, is the process of managing a trust and distributing assets according to the trust's terms. In general, probate is required when someone passes away with assets in their name alone, while trust administration is required when someone passes away with assets held in a trust. Our attorneys can help determine whether a probate and/or trust administration is required for your particular situation, and then guide you though the processes.
Responsibilities of Executors and Trustees
Executors are responsible for managing the probate process, including identifying and gathering assets, paying creditors, and distributing assets to beneficiaries. Trustees, on the other hand, are responsible for managing the assets held in a trust, paying bills, and distributing assets to beneficiaries according to the trust's terms. Our firm can help executors and trustees navigate these complex processes.
Timeframe and Costs
The timeframe for probate and trust administration can vary depending on the complexity of the estate and other factors. In general, probate can take at least several months to a year or more to complete, while trust administration can take several months to a year or more depending on the terms of the trust. Costs associated with probate and trust administration can include court fees, attorney fees, and other expenses.
Common challenges that can arise during probate and trust administration include disputes among beneficiaries, disagreements with creditors, and tax issues. Our experienced attorneys can help clients navigate these challenges and find effective solutions that meet their unique needs and goals.
Our approach to probate and trust administration is focused on providing compassionate and effective legal services that meet the unique needs and goals of each client. We work closely with clients to understand their concerns and goals and provide customized solutions that meet their needs.
Experience and Credentials
Our attorneys have extensive experience and credentials in probate and trust administration. We have successfully handled numerous cases and are well-versed in the complex legal and financial issues that can arise during the process.
We understand the importance of communication during the probate and trust administration process. We keep clients informed of developments in their case and are always available to answer questions and provide guidance as needed.
In addition to probate and trust administration, we offer a range of other estate planning services, including estate tax planning and asset protection planning. Our goal is to provide comprehensive estate planning solutions that meet the unique needs and goals of each client.
Contact our Office Today
If you need assistance with probate or trust administration, contact our office today. Our experienced staff and attorneys can provide guidance and support to help you navigate these complex processes and ensure that your loved one's wishes are carried out. We are committed to providing our clients with compassionate and effective legal services and will work tirelessly to achieve the best possible outcome. We provide probate and trust administration services for clients in Bigfork, the Flathead Valley, and throughout western Montana.