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Estate & Trust Administration

Begley Law Group is often called on to represent the executor or trustee in the process of administering a decedent’s estate. Our Estate & Trust Administration practice group provides a comprehensive array of services, from initial probate through final accounting. We routinely handle complex issues to make the process simple for the family.

Proper administration of a decedent’s estate involves a variety of steps. In New Jersey, the executor must initially file the will for probate with the surrogate of the county in which the decedent resided at the time of his or her death. After this step is taken, the executor is charged with the responsibilities of opening an estate account from which any claims against the estate are to be paid and to retitle the assets from the decedent’s name into the name of the estate.

In order to properly conclude an estate, an accounting must be given to all beneficiaries and a release and refunding bond signed by each beneficiary which is then filed with the surrogate in which all beneficiaries acknowledge the receipt of their share of the estate, discharge the executor from further obligation to the estate, and accept pro rata responsibility for any proper debts imposed upon the estate subsequent to receiving distribution.

New Jersey Estate Administration with Begley Law Group, PC

The Begley Law Group, PC Value Package

Our goal is to assist you in settling the estate promptly and correctly so that the executor can avoid family conflict and avoid personal liability to beneficiaries and taxing authorities.

 

Here’s what you get with a Begley Law Group, PC consultation:

  • Attorney consultation (90-120 minutes)
  • We’ll Review all steps necessary in the administration of the estate.
  • Identify deadlines and possible areas of conflict among family members.
  • We’ll determine which tax returns must be prepared, filed and assign responsibility.
  • We’ll explain the probate and estate administration process.

Here’s what you get when you retain us:

  • We’ll insure compliance with:
    • Decedent’s Will and/or Trust
    • Compliance with the Prudent Investor Act
    • Compliance with the Principal and Income Act
  • We’ll work to avoid family conflict and insure that beneficiaries receive distributions at the earliest possible date.
  • Avoid personal liability of the Executor to estate and trust beneficiaries and taxing authorities.
  • Preparation and filing of all federal and state estate and inheritance tax returns.
  • Preparation and filing of all estate, trust and personal income tax returns.
  • Assistance in handling any real estate transactions and in re-titling all assets.
  • The firm prepares accountings during the estate administration and obtains releases of Executor’s liability from all taxing authorities and from beneficiaries.
  • Full-time staff dedicated solely to Estate Administration insuring fast turnaround.
  • Firm experienced in Probate Litigation, if the need arises.

Contact a New Jersey Estate & Trust Administration Lawyer today

To speak with an attorney, please call Begley Law Group, PC at 800-533-7227 or email us to set up a consultation at your convenience.

We provide elder law services in the following areas:
New Jersey and Pennsylvania Medicaid Planning, Medicaid Applications, Asset Protection, Special Needs Trust, Estate and Trust administration and Estate Planning.
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