Probate Administration Guidance for Executors and Heirs
Virginia Estate Planning and Administration Lawyers
The death of a family member or other loved ones can be overwhelming both for the grief of your loss and the many tasks involved in the probate process and the administration of the estate.
The administration of a loved one's estate involves many duties. Executors, administrators and trustees are called fiduciaries. Fiduciaries are held to a high standard of care for the manner in which they manage the estate’s money and assets for others, including the decedent, the beneficiaries or heirs, and the decedent’s creditors.
The probate and estate administration attorneys at the law firm of Jean Galloway Ball, PLC, are here to assist you every step of the way with compassionate, caring professionalism, from identifying your estate administration needs to completing all tasks, including:
- Taking possession and control of assets
- Managing estate assets and income
- Ascertaining and paying legitimate debts of the decedent
- Distributing assets of the estate to its beneficiaries or heirs
- Filing an inventory of the estate assets and one or more itemized accounts of all receipts, disbursements and distribution of estate assets
- Filing a variety of tax returns that may include estate tax returns, estate income tax returns, final personal income tax returns for the decedent and probate tax returns
- Interpreting questions regarding substandard or generic Internet Wills
- Negotiating or litigating contested claims or Will contests
- Dealing with insolvent estates
Administration of estates can be complicated, even for small estates. Fiduciaries can save time and reduce liability by obtaining professional advice and assistance with handling of the estate, taxes and investments.
If you've been named executor of a loved one's estate, contact us to make an appointment with an experienced Virginia probate and estate administration attorney at the Fairfax law offices of Jean Galloway Ball, PLC.