Probate & Trust Administration
Probate administration is a legal process by which a decedent’s estate is settled by “proving” a last will and testament in court. The court appoints an executor (personal representative), usually named in the will, giving them the legal power to dispose of the decedent’s assets as specified in the will. In the absence of a legal will, the court applies laws of intestacy in order to settle the estate.
Trust administration is the process by which the trustee transfers property from a decedent to that individual’s beneficiaries who are identified in the decedent’s living trust. It is recommended that the trustee work with an attorney to facilitate the many steps, including notice to all beneficiaries and heirs, paying decedent’s debts, filing tax returns, keeping a detailed accounting, and transferring property.