Estate and Trust Administration
As an executor, trustee or beneficiary, you might have a lot of questions. Our team has deep experience working with clients in these positions, and we’re here to answer your questions and help you understand the estate and trust adminstration process.
How we can help with estate and trust administration:
- Help you understand the terms of an estate plan
- Advise on relevant laws and tax requirements
- Modernize old trust agreements to ensure they continue to accomplish their intended purposes
- Obtain instructions or court approval of trustee and executor actions
I’m an executor or guardian of an estate, now what?
Serving as an executor or guardian can involve a lot of time-consuming work. Your Prather Ebner Wilson team can take some estate and trust administration work off of your plate. We’ll help you:
- Navigate court processes
- File or review estate and fiduciary income tax returns
- Work with other professionals such as care managers, appraisers, and accountants
- Manage budgets, accountings, and distributions
I’m a trustee, now what?
A trustee has many duties and obligations; Prather Ebner Wilson helps your navigate them. We’ll answer all your questions and ensure your new role is as straightforward as possible. We’ll help you:
- Understand the terms of trust
- Follow the laws on investing trust funds
- Distinguish between the principal and income of a trust
- Manage accounting to beneficiaries
- Coordinate with advisors, appraisers and accountants as necessary
- Ensure trust and estate income tax returns are filed correctly
I’m a beneficiary, now what?
Being a beneficiary without control over the administration process is a difficult position. Prather Ebner Wilson helps you:
- Learn about your interest or rights in the trust or estate
- Understand the process of transferring property to the beneficiaries
- Gain reasonable expectations for the timing of distributions
- Obtain information throughout the administration
- Review accountings and distribution plans
- Represent you in a contested probate proceeding or fiduciary litigation if issues arise that cannot be resolved,
