Reliable South Florida Lawyers Advise on Administrating Trusts and Estates
Bay Harbor Islands attorneys guide executors through the probate process
The executor of an estate and the trustee of a trust have important duties to perform to ensure that the decedent’s wishes are carried out and that the trust is managed properly. If you are in that position, the attorneys at the Law Office of Sulzberger & Sulzberger can bring our decades of experience to bear in helping you successfully discharge those duties.
Dependable legal counsel provides thorough administrative services to trustees
A trustee has a fiduciary duty to act for the good of the trust and its beneficiaries. They may be personally liable for mistakes or failures to act that harm the trust. The guiding hand of a highly knowledgeable, competent, careful and trustworthy attorney can be of considerable advantage. We counsel trustees in the administration of these trust types, among others:
- Charitable remainder trusts
- Credit shelter trusts (CST)
- Incentive trusts
- Generation-skipping trusts
- Irrevocable life insurance trusts
- Living trusts
- QTIP trusts
We provide critical assistance to such duties as investing and managing trust assets, preparing accountings, limiting the time for objections to accountings, distributing trust assets to the beneficiaries and limiting the trustee’s liability.
We have decades of experience advising on all the duties expected of trustees and we give close and careful attention to detail to ease the burdens of our client trustees. We can advise you every step of the way and represent you if your decisions are called into question.
Experienced law firm helps administer and probate decedents’ estates
Administering an estate can be an arduous process. The executor must collect, manage, value, protect and liquidate the assets of the estate, ensuring that the decedent’s wishes, as expressed in the will, are implemented. If you are charged with these duties, we help ease that burden by guiding you through all aspects of the process, including:
- Filing the will in the probate court
- Developing a strategy for probating the estate fairly and expeditiously
- Transferring assets from the decedent’s name to that of the estate
- Closing and opening bank accounts
- Paying estate taxes
- Valuing, managing and preserving the estate assets
- Locating the beneficiaries
- Liquidating and distributing the estate
We consult with accountants, financial advisors, real estate agents, property managers and other professionals as needed to ensure proper adherence to the executor’s duties. When appropriate, we seek expert opinions about unique assets for accurate valuation, management and possible sale.