Estate Administration Attorney in San Mateo, California

Estate / trust administration process

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Well I always tell my clients, I try to simplify it for them and basically say in an estate administration there is four major steps. You got to inventory all the assets. You have to value them for tax purposes. You have a lot of compliance work that needs to be done in the form of notifying various government agencies, filing tax returns. And then the last step is really distributing to the estate. Now that may be outright distributions. That may be distributions to irrevocable trust. It can take different forms, but those are generally the four steps.

Inventory and assets, valuing them for tax purposes, filing what I call compliance filing tax returns, and then distributing the estate out to the beneficiaries. Those are four major steps. There is a lot of baby steps and little things that have to be done, but if they keep their mindset around getting from step one to step four, and letting us handle the administration for them, that generally kind of helps them out in their understanding and how long things will take.

California estate planing and administration attorney, Laurence Dugoni, describes an overview of the estate and trust administration process.

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