Steps To Take After The Loss Of A Loved One
What to do after the loss of a loved one is a question we frequently answer. Our first tip is to take time to grieve. Skipping this step means you may be in no mindset to make good decisions.
When Do You Need To Start The Estate Administration Process?
Within three months you need to seek legal advice. If the estate exceeds certain estate and inheritance tax you will need to file an estate tax return within nine months. Completing this return starts with an evaluation of all assets and can take time. Creditors generally have a one-year statute of limitations. Generally debts must be addressed within this time frame.
At The Law Office of Matthew C. Yu we can take some of the weight from your shoulders. Our attorneys will begin to inventory assets and investigate title. We handle all aspects of estate administration whether probate is required or not. From our Torrance office, we represent families from Manhattan Beach to Rolling Hills.
Did Your Loved One Have A Will Or Trust?
This important question will also affect the process. When there was a will or no estate plan at all, you may need guidance through probate. The California probate process can be difficult and lengthy because of court requirements. Our experienced lawyers can file all the required submissions with the court and handle any disputes that arise throughout the process.
If your loved one had a trust, it is important to work with a skilled attorney to prepare necessary documents that distribute and retitle assets. If you are a trustee, you have responsibilities and should seek guidance from one of our attorneys. We can reduce the possibility of litigation related to a breach your fiduciary duty.