Estate and Trust Administration

Estate and Trust Administration

When a loved one passes away, whether or not there is a will or trust, we can make administration of the estate easier.

Probate and Administration of Estates

Probate is a court process to determine who receives a deceased person’s assets. The Probate or Chancery Court Judge decides whether a Will exists and who will be the “personal representative” (the executor or administrator) for the estate. The Court oversees the administration of the estate, including the payment of estate creditors and the distribution of the assets to the beneficiaries. The probate process generally takes six months to a year to complete, mostly because of the time allowed for estate creditors to file and prove their claims. For smaller estates, including estates that contain significant real estate but no other property, there are simpler and less time-consuming options available.

Even a living trust requires some administration. There are often tax returns and administrative responsibilities that require the advice of experienced professionals.

We can help you with the probate and the administration of your loved one’s estate, whether small or large.

Elderlaw Memphis, PLC

Racquet Club Plaza
5170 Sanderlin Avenue
Suite 201
Memphis, TN 38117

William King Self, CELA

Phone: 901-603-8730
Fax: 901-329-3683
www.elderlawmemphis.com

Disclaimer

These materials are intended strictly as educational information about elder law subjects and should not be construed as legal advice. Each person's situation is unique and requires specific evaluation before advice can be given. Contact us or another reputable and competent elder law or special needs planning attorney regarding your own needs.