ESTATE ADMINISTRATION vs. TRUST ADMINISTRATION
When discussing estate planning, you hear a lot about trust administration, estate administration, and probate, but not everyone is familiar with these terms. The probate process is sometimes referred to as estate administration and takes place regardless of whether the deceased individual has a will or not. The process determines who receives various assets. Estate administration (probate) is a public process because the last will and testament as well as other pertinent documents in the court file are available to the public. This means that any estranged relatives, relatives you never knew existed, creditors, and scammers will gain legal access to all of the information in the court file. Even if there isn’t a will, the court documents explaining what the heirs will inherit according to state law are available to the public. However, when someone passes away and they have a trust, their estate does not go through probate, but their trust has to be fulfilled. In trust administration, only people who are heirs or WHAT’S NEW WITH ME AND MY OWN?
beneficiaries can see trust documents. That means scammers or unknown relatives won’t come out of the woodwork trying to get a piece of the estate. Trusts are popular because they minimize taxes, and it’s easier to plan for assets to be distributed to future generations in a private fashion. They help reduce or avoid probate or estate administration. Both estate and trust administration fall under probate because probate court has jurisdiction over both. This means that if something goes wrong with either, the probate court will step in and handle it. Our team is focused on both administrations, and our process is streamlined so we can minimize any hardships on our clients. We will be your guide and will help you through any challenges or difficulties that may arise. We want to make the situation as easy as possible for you. If you’re ready to start the estate planning process or need to make some updates or changes, give our office a call. We would be glad to help you with whatever you need. Little Snack Shack 740-314-9019 Local Business Profile
Hanging out with Kyzlee and Zade
And enjoying a celebratory
slice of pie with Jeff. He won a free slice of pie from the Little Snack Shack.
The Little Snack Shack is run by my brother, Jonathan Littlejohn. He uses our grandma’s top-secret recipes. Be sure to come try the fresh hand-cut, hand-breaded fish chunks, coleslaw, and baked mac ‘n’ cheese. Tell them you heard about it from the Littlejohn Law newsletter!
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