With our comprehensive set of probate services, you can rest easy while we can navigate the complex probate system on your behalf.
Full Service Estate Administration
Managing the estate of a loved one who has passed can be time-consuming, confusing, and laborious, especially if you live out-of-state or simply don’t have much spare time. With our estate administration services, you’ll have an experienced professional handling every detail of the process, all the way to estate settlement.
‘Estate Administration’ is a legal term that defines the process of settling the estate of someone who is deceased. Debt settlements, transfer of ownership for various assets, document preparation, correspondence with all applicable organizations and financial institutions, and final distribution/disbursement of assets are just a few of the many things that fall under Estate Administration. We also investigate deeds, living trusts, wills, and estate documents to determine the correct heirship of an estate, and we sometimes find that these documents were not prepared correctly or executed properly, which can greatly affect the heirship.
All along the way, your designated Heir Advocate will walk you through each step and keep you informed of all the details and happenings.
In common law jurisdictions, a personal representative or legal personal representative is a person appointed by a court to administer the estate of another person. The duties of a personal representative are to inventory and evaluate the assets relevant to the estate, take temporary possession of the estate’s assets, calculate the estate’s debts and liabilities and have them settled/removed at the expense of the estate itself, and finally, ensure that the assets are properly disbursed to the legally approved heirs.
Forensic Asset Search
An important part of our probate services is our quality forensic searches for hidden assets. Generally, it’s not accurate to assume that all of a love one’s accounts and assets are in plain sight; we perform many probate-related asset searches at the request of legal executors/family members, and it’s not uncommon for our research team to find bank accounts, life insurance policies, old bonds, investments, and other assets that are missing from the estate’s asset inventory.
Believe it or not, even after an estate is settled and inheritances are dispersed, additional assets sometimes come to light that were initially undisclosed or unidentified. Our researchers and investigators excel in finding needles in haystacks, whether the haystack is a brokerage firm, bank, or life insurance company. Our team also discovers tangible assets like airplanes, boats, cars, jewelry, real estate and so on, even if it’s located outside of the United States. Our forensic asset searches are even able to expose ownership interests in personal and family trusts, as well as business entities such as LLCs, corporations, and even private companies.
Mitigation of Estate-Related Expenses
Part of our responsibility as a personal representative during the probate process is to determine any debts/liabilities against the estate and have those settled at the estate’s expense. What this basically means is that any qualifying debts of the deceased person must be satisfied, by liquidating the estate’s assets if necessary, before any of the estate’s remaining assets can be distributed to the heirs.
The estate’s debts could be things like medical bills, final expenses, or a mortgage balance, for example. There may also be financial obligations that aren’t technically debt, but are still a liability against the estate, such as fees and recurring bills that continue accruing throughout the settlement process, including things like utility bills or insurance premiums.
Our in-house expense team, including an expert negotiator, spends hours on expense-related calculations to list debts that can be reduced or removed through negotiation tactics, and to determine which ongoing bills the estate has that can be eliminated safely without creating additional potential liabilities for the estate. The attention to detail provided by our team for estate expense reduction ensures that the estate’s final distribution will be as much as possible.