Trust Administration Attorney
Probate is the court process of administering and distributing an individual’s property after he or she passes away. Whether the individual died with a will, testate, or without a will, intestate, assets owned solely by the person must go through this court process. This could include his or her home, bank accounts, brokerage accounts, investment property, stocks, bonds, jewelry, art, cars, boats, and any other tangible or intangible property.
Selling real estate through probate can be challenging. Without a will the court will require a separate process called a Petition for Sale of Real Estate, also known as a license to sell. When this process is not performed properly, needing to obtain court approval will result in delays in closing or even losing the buyer. Personal representatives, also known as executors or administrators, may even be personally liable for losses related to the sale of the property.
Long Hagan Huff-Harris estate administration attorneys know how to navigate the probate process. They regularly appear in Suffolk, Middlesex, Norfolk, Plymouth, and Essex counties in Massachusetts, as well as in the New York City area and surrounding counties, such as Westchester and Nassau.
Trust administration does not necessarily involve court action, but does require the trustee, the person in charge of the trust, protect and maintain the trust assets. This could include ensuring that rental properties are insured and produce income, hiring qualified professional, such as accountants and financial advisors, to manage liquid assets, or even helping children of the deceased parent pay for college. Long Hagan Huff-Harris trust administration attorneys guide trustees through the intricacies of the trust distribution and management process.
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