In most states, individuals are first in line to be repaid over any other creditors, even if your estate is insolvent. We can help you determine if/how creditors are paid.
Estate lawyers are generally only essential when dealing with an extremely wealthy decedent that requires post-mortem tax planning, instances where the Will or Trust is not clear and requires court interpretation, or conflict among estate beneficiaries. We can help you with everything else.
Executors and Personal Representatives are usually entitled to compensation. This executor fee is usually around 3.5% of the total estate plus a percentage of the income generated by the estate for each year that you work on it. We’ll help you determine the appropriate amount to pay yourself from the estate.
You are still required to file an income tax return for the deceased for the year they died, as well as income tax returns for the estate if it generates income. We’ll help guide you through the process of filing taxes on behalf of the deceased.
Executors and Personal Representatives are often sent phony bills. We’ll help you determine which expenses are real and which are fake.