The Perla Law Firm, LLC
Estate & Trust Administration
Guidance for executors, trustees, and families in administering estates and trusts, including post-death administration and ongoing lifetime trust matters
Dealing with the loss of a loved one is difficult enough.
Handling the financial matters that come with it can be overwhelming and disorienting.
Estate administration is the process of settling a deceased’s financial matters. Sometimes this involves a Probate proceeding. Sometimes, if there is a trust, this involves Trust Administration. Often times, real estate is held in a Survivorship Deed or the deceased recorded a Transfer on Death Affidavit and steps must be taken to transfer the real estate under those documents.
Our offices, based in Cleveland, have significant experience assisting clients in navigating the Estate Administration process.
Probate
When a loved on becomes incompetent, or a minor inherits property, a guardianship may be necessary in order to make medical or financial decisions for that loved one.
Estate Administration
Estate administration is the process of settling a deceased’s financial matters.
Trust Administration
Trust administration involves an agreement between the Grantor, the maker of the Trust, and the Trustee, the administrator of the Trust, about how Trust property is to be managed and provided to beneficiaries.
When you pass away, if your assets (like your house, bank accounts, or car) are only in your name without a designated beneficiary, joint owner or a trust, they will need to go through a process called probate.