200 Highland Ave, Suite 302, Needham, MA 02494

781-433-8665

Probate, Estate and Trust planning with Golden Law Center.
 

Estate Administration

(click here to read about Trust Administration)

 

While it is possible to manage an estate on your own, it can be overwhelming and seemingly unending, especially when you are unfamiliar with the law and may be struggling with emotions and competing demands for your time. The experienced estate administration attorneys at Golden Law Center will guide you through the estate administration processes in a cost-effective manner, so you can focus on yourself and your family. Please download our free white paper, What To Do When Someone Dies, for guidance about what you may need to do during the first few difficult weeks after the death of a loved one.

 

A few words about the process

Estate administration refers to the entire process of winding up the affairs of a decedent and transferring ownership of the decedent’s assets to the persons or trusts designated to receive them. This process covers both the actions taken in the Probate Court and the management and distribution of assets, such as retirement accounts and life insurance policies, outside of probate to the designated beneficiaries.

 

Probate attorneys separate assets owned by the decedent at the time of death into two classes. Probate assets are those assets which the decedent owns in his own name as of the date of death and which are not owned jointly with someone else or do not have a beneficiary designation. Non-probate assets are those assets which are jointly owned with someone else (such as real estate jointly owned by spouses), trusts for which the decedent was a beneficiary, and items like life insurance policies and retirement accounts for which the decedent designated a beneficiary to receive the proceeds after his death.

 

Our goal as your estate administration attorneys is to make your job easier to manage successfully and reduce your stress. We will advise you about the legal and financial process of estate administration and make sure that you understand the terms of the Will (if there is one), the legal requirements of the Massachusetts estate administration process and your duties as personal representative. We will prepare necessary paperwork, and help you determine what assets need to go through probate and what assets get transferred to beneficiaries without court oversight. We will help you work with accountants, insurance companies, retirement fund administrators, realtors and other professionals to ensure that assets are properly valued, managed, and transferred. We’ll clearly explain — in plain English — what your obligations are and will do our best to help you meet them. We’ll help you comply with court and tax filing requirements so that your liability is minimized.