Probate, Conservatorships, Trust and Estate Administration
The Corman Law Offices also handles probates, conservatorships, and trust and estate administration. When a family member becomes incapacitated or passes away, it can be a time of confusion and sadness. Our services are meant to provide you with a smooth and economical path during this time, to aid you in this process of transition, whether a probate, conservatorship, trust administration, or estate administration is required.
A probate is generally required when a family member passes with or without a will, and has an estate of over $150,000 or has real property of over $50,000. It requires a court procedure that commonly lasts at least a year. A family member, or someone close to the deceased, generally acts as the administrator of the estate during the probate. Our office can help the administrator with filing the necessary court documents, appearing for court hearings, notifying creditors and beneficiaries, and all other requirements of a probate. Overall, a probate can be a lengthy process, but with our help, it is manageable and affordable.
When a family member becomes incapacitated, or unable to take care of his or her financial or personal responsibilities or care, a conservatorship may be necessary to ensure that he or she is taken care of. A conservatorship is a court proceeding whereby the court authorizes an individual, generally a close family member, to take over the financial obligations, personal welfare, or both, of the conserved person. This individual is known as the conservator. We at the Corman Law Offices can help with preparing and filing the extensive paperwork required to obtain a conservatorship, as well as attend any court hearings required and advise the conservator.
A trust administration is appropriate when a trust was in place at the time of your family member’s death. The trust document generally controls how the family member’s estate will be distributed. This administration is handled by the trustee of the trust, who is in charge of administering the trust estate, allocating the estate among the beneficiaries of the trust, and eventually distributing the estate among the beneficiaries, whether retaining the estate in separate trusts for each beneficiary, or distributing outright. We can provide advice and help if needed as to the next steps with regards to accomplishing the administration, as well as prepare the required documents.
When there is no trust in existence at the time of an individual’s passing, and that individual’s estate is less than $150,000 and does not contain real property valued at over $50,000, whether or not there is a will, a simple estate administration can occur (without a court procedure as required by a probate). We can provide help with this administration, providing guidance in managing your family member’s affairs, determining any assets and liabilities, and distributing those assets to the appropriate beneficiaries, depending on the terms of the will or state law. We can assist with the required notifications, and prepare documents that will aid in accessing your family member’s assets from financial and other institutions.