PROBATE & TRUST ADMINISTRATION
Dealing with the death of a loved one is a painful process. Brett A. Gilman is equipped to walk along-side you through this process. He will work with you and handle your probate and trust administration cases.
Probate and Trust Administration are both processes for handling one’s estate after they have passed away. The goals are the same for either process; gather the decedent’s assets, pay all obligations and liabilities, and distribute to the beneficiaries.
Whether you need an Affidavit, Declaration for Small Estate, simple probate, formal probate, or trust administration will depend on the value of the decedent’s estate and the decedent’s estate plan at death.
Probates are court supervised proceedings that take care of an individual’s estate after they have passed away if they have not planned otherwise. These are complicated and lengthy processes that are generally required to properly pass assets not otherwise taken care of.
Trust Administration is the process used when the decedent passed away with a valid trust. The Trustee is to administer the trust and estate plan according to the terms of the trust and as provided by the probate code. Typically, trust administration is done outside of and does not include the court. There are notices and required acts of the trustee that must be followed to properly complete the trustee’s fiduciary duties and close the trust.
Please give Mr. Gilman a call to discuss your probate or trust administration questions.