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Estate administration is the process by which an individual’s lifetime financial affairs are wound up, and their property and assets are distributed after they die.
When someone passes away, their assets are handled by a personal representative who has the responsibility of assigning them to beneficiaries to be settled according with what they wanted. The personal representative must file a petition with the local Register of Wills to open an estate and proceed accordingly. It is recommended that they work together as well since legal counsel can help prepare for this process properly- it’s important to be filed correctly and also pay any fees required by law.
The last thing anyone wants to worry about is handling the estate of their loved one. Fortunately for you, working with an attorney can make this process go much smoother and ensure that everything from start to finish gets done correctly.
Estate planning is a process involving the counsel of professional advisors who are familiar with your goals and concerns, your assets and how they are owned, and your family structure. It covers the transfer of property at death as well as a variety of other personal matters and may or may not involve tax planning. This may include:
What do you think about when someone says "estate"? You probably envision a palatial estate in Beverly Hills, but really is just means any property associated with a person. A car, home, and bank accounts are all part of one's estate, but that is not all. it also includes health insurance and investments- no matter how large or small they might be! So why wait until there’s an emergency? The time can come with little warning as well.
We understand that estate planning is depressing, and for some, maybe as enjoyable as having a tooth pulled. But, don’t put it off any longer. We try to get you through it all as painlessly as possible. At Monastra & Grater, we believe that estate planning should be accessible to all socio-economic backgrounds. We strive to provide a range of Estate Planning options that will meet your financial capabilities. In fact, you will find that some of our services are comparable with the online do-it-yourself forms! Make sure you decide what you want with your life’s work and you decide who you feel comfortable with taking care of you and your affairs if you should need it.
To ensure your wishes are carried out after your death is not only one of the most important things you do, but it can truly be one of the greatest gifts you can provide to your loved ones. At a time when those you are leaving behind are hurting the most, appropriate estate planning can eliminate additional burdens that they would have to bear. Whether it’s planning for the division of your property; creating a trust; tax planning; or planning for your potential incapacity and end-of-life medical decisions, the attorneys and staff at MG Law have the knowledge and experience not only to provide in-depth and comprehensive advice but will do so with compassion and respect.
In the event of the death of a loved one, our attorneys and staff will also guide you through every step of estate or trust administration. Our philosophy is that as attorneys, our primary role is to make this process as simple and painless as possible. We understand that you are going through one of the most difficult times in your life, and our attorneys and staff have the experience and knowledge to guide you through what initially will seem to be an insurmountable task. We will treat you with sympathy and respect as we strive to provide each of our clients with a very personal approach during this most difficult time.
At MG Law, we are here for you when it matters the most.
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