Estate Administration

Estate administration, commonly called probate, is when the court appoints a person or entity to administer the assets and property of someone upon their death. The procedures in an estate administration may take from six months to several years, depending on the complexity of the estate.

 

Complex blended family structures resulting from divorce and remarriage can make estate administration difficult and fraught with unwanted conflict. CBGS has experience resolving complicated estates, including those with disputes among the heirs, misconduct or breach of fiduciary duty by a previous personal representative, funding and administration of testamentary trusts, and contested wills. Having an independent third party like CBGS act as your estate administrator can help avoid internal family conflict during an already difficult time of loss.

Estate administration tasks

Navigating the court probate process

 

Gathering and making an inventory of all assets

Paying outstanding debts

Conducting a thorough search of the decedent's personal papers and effects for potential credit

Examining the decedent's financial records for recurring payments, which may indicate existing debt

Contacting the all creditors reasonably discernible from the review of financial records

Manage the estate assets; including management, sale, or transfer of real property to heirs

Investigating and finalizing all tax matters for the individual and their estate

Distributing assets