Estate Administration and Trust Administration
When a loved one passes away, everyone at Glenn & Breheney PLLC is here for you: we work hard to provide compassionate help and effective legal services during your time of need.
The legal process of transferring a person’s assets after his/her death is known as Estate Administration. Probate is a part of the Estate Administration process. During probate, the deceased person’s Last Will and Testament is presented to Surrogate’s Court, and the Heirs at Law are notified and informed of the Will. When the Court determines that all is in order, the Executor is appointed. Then estate bills are paid, tax returns are filed, the assets are distributed according to the Will’s instructions, and, generally, the estate is closed after the assets are distributed.
If one does not have a Will, then his or her estate is handled with an Administration Proceeding in Surrogate’s Court. An Administrator is appointed to represent the estate, conduct estate business, and distribute the assets according to New York Law.
Trust Administration is the process where a trustee manages and distributes assets in the manner dictated by the terms of the trust instrument. While Estate Administration can span a period of many months, Trust Administration can span a period of many years, depending on the situation. Whether the Creator of the Trust is still living or is deceased, we ensure that the trust assets are properly managed according to your wishes.