Probate refers to the judicial process where a court reviews the Will of a deceased person to make sure it passes legal requirements to qualify as the official “last word” regarding the distribution of their assets. For individuals who die without a Will, the Probate process can be plagued with additional expenses and delays. Once the Will is admitted to Probate, the court appoints a Personal Representative (“Executor”) to identify heirs and creditors, inventory and value assets, pay debts, and eventually distribute the remaining property to the beneficiaries.
Probate rarely benefits your beneficiaries, and it always costs them money and time. For these reasons, our skilled probate lawyers can recommend strategies to avoid probate to make life a bit easier for those you leave behind and wish to care for.
Should probate be necessary, we can help guide you through each of the steps involving
- Asset Transfers
- Contested Wills
- Formal and Informal Probate Administration
- Summary Settlement
- Tax Matters
- Severance of Joint Tenancy
- Survivorship Proceedings
- Trust Administration
We invite you to contact us today to discuss your options at 262-446-8145.
When a loved one dies with a fully-funded trust, Probate is avoided entirely, and the settlement of the deceased person’s estate becomes a family matter with no court involvement. Unlike a Will, the Trust does not die with the individual. The Trust continues after death and is administered by the Successor named in the Trust. Although the process is typically faster, less expensive and more efficient than Probate, the process can be confusing.
Riverwood has over 55 years of combined experience to assist you during your time of need. We can help you, as the designated trustee, administer the decedent’s Trust to ensure each aspect is fully taken care of properly and with minimal stress for you and the loved ones left behind. We can help you communicate with the beneficiaries of the trust so they are informed every step of the way, and are provided with an approximate distribution time frame.
Call Riverwood Legal and Accounting Services today to discuss your options for trust administration at 262-446-8145.