Estate Administration & Probate
In essence an estate administration is merely the practice of administering the assets of one’s estate after a death has occurred. At the time that an individual dies there will be an estate administration either inside or outside of probate. One needs to understand that even the most well planned estates will have an estate (or trust) administration associated with them. There are tax returns that need to be filed, assets that need to be inventoried, valued, and distributed, creditors that need to be paid and distributions that need to be made.
We believe that this area integrates closely with the other areas of practice at the law firm of Bonahoom & Bonahoom and we further believe that the preparation for estate administration situations is what will ultimately reduce the overall costs of the estate administration. There are however pitfalls to estate administrations and only those attorneys who work in the area on a regular basis should be consulted to undertake the estate (or trust) administration and probate process on behalf of an individual’s estate when a death has occurred.
