Probate & Trust Administration
If you have been named the Executor (Personal Representative) in a Will, or a Trustee of a Trust, or both, you may not know what your responsibilities are or how to go about fulfilling any of them. Many questions may arise. Do you need the court probate process or not? Do you have to obtain special fiduciary insurance? What about a bond? What if the decedent owned property in more than one state? What if the beneficiaries do not get along? These questions and others are often difficult to address alone. We are here to help.
Being the Executor or Trustee can be a complex, time-consuming and demanding position. It will require dedication, attention to detail, knowledge and professionalism. When people plan their estate, they appoint a friend or relative to this job inside of a Will or Trust during life. Sometimes they may do this as a compliment – a way of acknowledging respect or admiration for the appointee. The reality is settling an estate can be a tremendous burden carrying personal liability at a time when the appointee may be grieving and distressed after having lost a loved one. If someone dies without an estate plan, the Colorado laws of intestacy are applied and the probate court will appoint someone to settle the estate. If the appointee is you, we can help.
Where real estate, stock, investment accounts, retirement accounts, or other significant assets are involved with more than one beneficiary, the estate settlement or trust administration process may be overwhelming and daunting, but, in most cases, a necessary procedure.
At Anderson & Jahde, PC, we are experienced in the settlement and administration of estates having many different types of assets and issues. We will clarify the process for you, prepare necessary documentation, communicate with official asset holders, and represent you in your capacity as a Personal Representative or Trustee, helping to minimize your liability risk.