If estate planning is the process of designing a playbook, estate administration occurs when the playbook is put into action. The process begins with an event that triggers a provision in your estate plan, such as incapacity or death. The plan becomes ‘executory’, meaning that the individuals you designated in your plan documents must step into action and execute according to your instructions. This estate administration is often in the form of a trust administration of a trust or probate of a will.<\/p>\n
Estate administration can be complex and the people you have designated must have competent and experienced counsel to guide them through the process. They must make important decisions – sometimes quickly – and they need help to make them wisely. They may need to prepare inventories of your property, prepare tax returns, or sign other important documents on your behalf. Ultimately they must divide and distribute your property to those individuals or charities you identified in your will or trust agreement. \u00a0The estate administration process can involve the probating of a will or the administering of a trust. \u00a0 Keep in mind that even if an individual has a trust, and does not need to go through the probate process, that trust needs to be administered after death or in the event of incapacity.<\/p>\n
The estate administration process carries a lot of responsibilities. The Bryan Law Firm, PC can help guide your loved ones through the process as sensitively and completely as possible, and will try to make it as straightforward and efficient as possible. Our Office is located Downtown Bozeman, Montana at 11 East Main Street, Suite D.<\/p>\n","protected":false},"excerpt":{"rendered":"
If estate planning is the process of designing a playbook, estate administration occurs when the playbook is put into action. The process begins with an event that triggers a provision in your estate plan, such as incapacity or death. The plan becomes ‘executory’, meaning that the individuals you designated in your plan documents must step into action and execute according to your instructions. This estate administration is often in the form of a trust administration of a trust or probate of a will.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1],"tags":[15,18],"yoast_head":"\n