trust & estate administration

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Hopefully, at the time of departure, everyone's affairs are buttoned up, everyone knows what to do and where all of the paperwork is stored. 

Often times, this is not the case. If you are finding that you've been named as a trustee of a trust, and you have questions, or are overwhelmed, Tual Graves can assist in helping you to get organized, file any necessary paperwork, and point you in the right direction to fulfill all of your duties without costly mistakes. 

Typically, an trustee is tasked with at least the following:

• Evaluate Assets
• Determine and deduct liabilities
• File tax returns
• Keep meticulous record of payments, taxes, and correspondence
• Maintain and monitor assets that may change in the process before distribution
• Update and inform beneficiaries
• Asset protection
• Oversee investment of assets

With a trust, and depending on circumstances, this could be a several year appointment of duties.

Have you been nominated to be the personal representative of an estate or do you want to be? 

Don't panic, we can help you get organized and have confidence that your execution of the estate is well done, and has the best available outcomes for all parties.

You'll have the following responsibilities:

• Evaluate assets, making sure they are secure and appraised
• Deduct liabilities
• Pay debts
• Complete tax returns and pay any taxes
• Distribute remainder of the estate to the beneficiaries

Depending on each scenario, it may be fairly straight forward. However, when the party was a business owner, has several properties or assets, or many heirs, it can become overwhelming. 

We excel in the aforementioned scenario. With the help of the team at Tual Graves, we can assist with collecting the needed information, understand the laws of inheritance as it applies to your circumstances, and have relationships throughout the legal and financial spheres to track and monitor your progress to keep it all moving.

Taking care of a loved one's life after they've passed can feel incredibly lonely and polarizing, especially if you aren't familiar with the process. As with anything important and complicated, it's great to hire a professional.