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Compassionate Guidance for the Administration of Estates and Trusts

Administration of Estates & Trusts| Legal Services| Daytona Beach, Florida

Settling an estate can be overwhelming when dealing with grief and sadness after losing a loved one. The legal system has many requirements that can be confusing even in the best of times. Additionally, beneficiaries may have disputes regarding inheritance and asset distribution, especially if the deceased did not execute an estate plan or their affairs are disorganized. 

At Legacy Law Associates, we understand the complexities of estate and trust administration. Our attorneys are well-versed in Florida law, and whether an estate is simple or complex, we have the knowledge and experience to respond to the many issues that may arise during the settlement. 

Estate Probate Proceedings

It is a common misconception that when a decedent has a will, their beneficiaries do not need to engage in the probate process. Florida law mandates the court-supervised process regardless of whether the decedent has a will or has died intestate, meaning they do not have a will or other estate plan. If there is a will, the court determines whether it is valid and empowers the named personal representative to oversee the disposition of property and assets. If there is no will, the court will appoint a personal representative to be in charge of the estate. Unfortunately, in Florida, the Courts do not allow individuals to represent themselves in a probate matter. At Legacy Law Associates, we have years of experience to help our clients thru this process in a timely and efficient manner. 

Managing Estate and Income Tax issues in the Administration

Many estate and trust administrations have estate and income tax issues affecting and overflowing on beneficiaries. Mistakes can cost thousands of dollars in failing to plan proactively the tax consequences in an estate or trust administration. At Legacy Law Associates, we have the knowledge and expertise to help clients understand the complex tax issues involved in the administration of the estate and trust. We coordinate with the CPA the work that needs to be done, to insure their work is done in the most tax efficient manner for the beneficiaries and provide the information they need to get the tax returns filed in a timely manner.  

Avoiding the Probate Process

Probate may minimized or avoided when a decedent has proactively planned for their legacy through trusts, joint ownership, and beneficiary designations for their financial accounts. Assets such as life insurance policies, retirement plans, annuities and bank accounts can be transferred to named beneficiaries without probate if they have payable-upon-death (POD) or transfer-on-death (Tod) designations. 

At Legacy Law, we prioritize keeping our clients informed. To learn more about how we handle the administration of estates and trusts, please review the following website pages:

  • Probate
  • Intestate and Testate Probate
  • Summary and Formal Probate Proceedings
  • Trusts

Compassionate Guidance in Times of Need

 If you are a beneficiary or a personal representative of an estate, Legacy Law Associates offers invaluable guidance. We ensure that all legal requirements are met. In probate cases, we assist with preparing and filing required documents with the court. We also assist with asset distribution, debt settlement, minimizing tax liabilities, and handling disputes that arise when a will is challenged.

When an estate does not need to go through the probate process, our attorneys meticulously review the trust documents and ensure the successor trustee understands their fiduciary responsibilities in settling the estate. Most individuals have never managed an estate and need assistance to properly administer a trust or estate. Some tasks include notifying heirs, ensuring creditors and taxes are paid, keeping beneficiaries informed, and distributing the assets according to the terms and conditions of the trust.

Resolving Conflicts in Estate and Trust Administration

The death of a loved one is a deeply emotional experience, and heightened sensitivity often leads to conflicts. Family members may have expectations about the distribution of assets, and they may be met with disappointment. Unresolved issues within the family may resurface and cause disputes about assets and personal belongings. There may be misunderstandings about the deceased’s intentions and feelings of injustice. Creditors may make baseless claims, or there may be disagreements about the personal representative’s actions. In all these scenarios, the attorneys at Legacy Law Associates play a pivotal role in resolving conflicts and are always prepared to represent our clients in litigation if needed.

Legacy Law Associates: Your Trusted Choice for Estate and Trust Administration in Daytona Beach, Florida

If you are a personal representative or a beneficiary of an estate and have questions or concerns, contact the caring lawyers at Legacy Law Associates to help you through this challenging time. Call our office at (386)252-2531 to schedule a confidential consultation. We are committed to unwavering professionalism and compassion in meeting your legal needs.