The executor of an estate and the trustee of a testamentary trust are fiduciaries who must act with the utmost fidelity and in accordance with the terms of the Will (and any testamentary trust created by the Will) and applicable law. If you’re a fiduciary, you are charged with the sometimes-daunting task of administering the probate estate. Depending on the type of property owned, how it is titled, the provisions of the decedent’s will, and the applicable law, if you are the fiduciary you have 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:
- We prepare of Federal estate tax returns, Form 706, and applicable State inheritance/estate tax returns;
- We prepare judicial and non-judicial fiduciary accountings for trusts and estates;
- We prepare fiduciary income tax returns for trusts and estates, including income tax planning to minimize income taxes;
- We prepare Federal and State gift tax returns;
- We do appropriate post-mortem planning, including the use of disclaimers, small business succession, and redemption of shares of closely-held businesses;
- We work with executors, trustees, financial advisors, beneficiaries, and accountants to minimize estate tax and income tax;
- We assist executors in navigating through the estate administration process.
- We assist beneficiaries in resolving family disputes regarding inherited or inheritable assets.
- We assist with the 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.
