Probate & Administration

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During the days, weeks and months following a someone’s death, funeral arrangements must be made, all outstanding debts have to be paid, and any pending or existing lawsuits have to be addressed. People who have some assets remaining must have these assets transferred to the appropriate beneficiaries, and people with more assets may have to pay estate taxes to both the federal and state governments.

It is extremely important for people to determine who will represent their estate upon their death, and which family members, friends or charities will receive any remaining investments or family heirlooms. When these steps have not been implemented, alternative state-mandated actions must be taken, and additional expenses will be incurred. The simple rule is: “Take care of your legal matters before you pass away, because they have a life that continues after yours.”

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