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    Home » Estate Planning » Estate Administration Requires People Power

    Estate Administration Requires People Power

    August 22, 2012Estate Planning

    Depending on the specifics of your case the administration of your estate may require quite a bit of expertise. People who use a Last Will to direct asset transfers will have to appoint an executor to handle all the details, and they can be considerable.

    The executor must make sure that final debts are paid and this includes taxes. As a result he or she may have to engage the services of an accountant. Property liquidation may be necessary as well and this could require appraisers, realtors, and/or estate liquidators.

    And, since the administration of the estate will be supervised by the probate court the executor is going to need the assistance of a good probate lawyer.

    Similarly, if you are using a trust rather than a last will you will need to select a trustee who will handle the above matters and subsequently manage the financial resources in accordance with your wishes as stated in the trust agreement.

    When you are selecting an executor or trustee you must recognize the fact that there is indeed a lot of serious business that must be conducted. The individual that you choose should have the necessary background and the time that it will take to handle things appropriately.

    If you have specific questions about estate administration don’t hesitate to pick up the phone to arrange for a consultation with a good Central New Jersey estate planning lawyer. Your attorney will fill you in on all the details and assist you as you devise a plan that is tailor-made for you and your family.

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    Alan Augulis, Estate Planning Attorney
    Mr. Augulis founded his Warren, New Jersey law firm so that he could focus his practice in the areas of advanced estate planning and tax law. Mr. Augulis has invested considerable time and energy helping to educate others on the topic of estate planning and has become a sought-after speaker in the tax and estate planning arena because of his informative and entertaining seminars.
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    About Alan Augulis, Estate Planning Attorney

    Mr. Augulis founded his Warren, New Jersey law firm so that he could focus his practice in the areas of advanced estate planning and tax law. Mr. Augulis has invested considerable time and energy helping to educate others on the topic of estate planning and has become a sought-after speaker in the tax and estate planning arena because of his informative and entertaining seminars.

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