Death may be one of the most common fears people have, but some tend to worry about what comes after the fact more so than dying itself. Though the spiritual aspect does come into play, for many, it’s more a matter of what will happen to their families once they’re no longer able to take care of them. Numerous considerations come into play when planning for the future, and a Trust Administration Lawyer in Redlands, CA can help with the process.
What Does a Trust Administration Attorney Do?
In short, attorneys practicing in this field ensure trusts and estates are distributed among beneficiaries as their settlors intended. Settlors are those leaving behind money and property for their loved ones. Though wills go a long way in providing for families after death, they’re only a small part of the bigger picture. A number of legal steps must be taken to pave the way for proper allotment.
Steps to Be Taken Following a Death
First and foremost, death certificates must be obtained. In most cases, the law recommends having at least ten or twelve copies of a death certificate on hand. Any beneficiaries listed by a settlor must also be contacted in regard to their inheritances, and mountains of paperwork are involved in this leg of the process. From there, several additional measures should be taken.
- Securing Property Deeds:
- All deeds for a decedent’s properties must be available whether they’re part of a trust or not.
- Paying All Dues:
- In most cases, beneficiaries are required to pay taxes on money and property they inherit upon the death of a loved one.
- Dolling out Inheritances:
- Finally, after these and many other issues are handled, funds and properties can be handed out to their proper recipients.
Though all this may sound simple enough, quite a bit of red tape is involved in the whole process. With help from a Trust Administration Lawyer in Redlands CA, settlors and their beneficiaries can rest assured all the right hurdles are cleared along the way; otherwise, any effort put into building an estate and planning for the future in advance could be in vain. For more information or to schedule a consultation, click here. You can also visit them on Facebook.
