Estate Administration

The administration of an individual's estate may involve some very complex issues, taxation and administration concerns, particularly when assets and/or beneficiaries are located in several jurisdictions.

We focus on post-mortem estate and income tax planning. This presents a valuable opportunity to fine-tune an estate plan prepared several years earlier to fit the economic and factual circumstances that existed at the time. Significant taxes can be saved by the timely exercise of a variety of tax and wealth transferring strategies, such as: knowing when, where and how to distribute estate assets can result in minimal estate shrinkage by minimizing taxes.

Understanding tax elections is crucial when it comes to administering estates effectively. These elections are available after death and exercisable within restricted time periods and by certain prescribed methods that must be followed carefully.

REMEMBER: The attorney who drew the will and related estate planning documents does not have to be hired to handle the administration of the estate - even if there are instructions, either verbal or written, that say to do so.