Trust and Estate Administration

The executor of an estate or successor trustee or a living trust are fiduciaries who must act with the utmost fidelity and in accordance with the terms of the Will or Trust and applicable law. Such fiduciaries are charged with the sometimes-daunting task of administering that trust or estate. Depending on the type of the property owned, how it is titled, the provisions of the decedent’s will or living trust, and the applicable law, the fiduciary often has complicated responsibilities that are often best carried out with the guidance and assistance of a knowledgeable legal advisor. The Farr Law Firm’s estate administration division handles all aspects of estate administration, employing a team of professionals with wide-ranging expertise. Our estate administration services include:

  1. Preparation of Federal estate tax returns, Form 706, and applicable State inheritance/estate tax returns;
  2. Preparation of judicial and non-judicial fiduciary accountings for trusts and estates;
  3. Preparation of fiduciary income tax returns for trusts and estates, including income tax planning to minimize income taxes;
  4. Preparation of Federal and State gift tax returns;
  5. Post-mortem planning, including use of disclaimers, small business succession, and redemption of shares of closely-held businesses;
  6. Working with executors, trustees, beneficiaries, and accountants to minimize estate tax and income tax;
  7. Assisting executors in navigating through the estate administration process.
  8. Assisting beneficiaries in resolving family disputes regarding inherited or inheritable assets.
  9. Assistance with valuation of closely-held business interests to minimize estate tax.

To get started, please see our Levels of Planning for Trust and Estate Administration and then download our Intake Form.