Virginia Beach Probate & Estate Administration Attorneys

When Will Power is Not Enough

If you have an estate plan that includes a will or a trust, then you need to appoint a person you trust to manage your affairs after you pass away. The person you choose for the will is called the executor, while the person you select for a trust is called a trustee. Both have a legal responsibility to administer your estate following both the terms of your legal document and the laws of the state. Although administration can differ between a will and a trust, both generally involve:

• Paying Off the Decedent’s Final Bills
• Preparing Accountings
• Filing Tax Returns
• Distributing Assets to the Decedent’s Beneficiaries

Even when an estate doesn't need to go through probate, handling a loved one's estate or trust can be a daunting task. That is why you should consult with a skilled attorney at TrustBuilders Law Group to review all of the fiduciary duties executors and trustees are responsible for, as well as breaches of duty that can lead to personal liability, family disharmony, or even civil and criminal penalties.

Estate Administration & Probate Services at our Firm

We offer the following probate and estate administration services to clients throughout Virginia Beach:

• Preparing State & Federal Fiduciary Tax Returns
• Preparing & Filing Fiduciary Income Tax Returns
• Maintaining Records & Reporting to Beneficiaries
• Collection of Debts Owed to the Estate
• Filing Accountings with the Commissioner of Accounts
• Appraising and Valuing Estate Assets
• Paying a Decedent’s Final Debts & Expenses
• Probate of the Last Will & Testament
• Qualifying as Executor or Administrator
• Preparing & Filing Trust Accountings
• Fund Family, Marital, & GST Trusts
• Distributing Trust Assets to Named Beneficiaries
• Preparing & Filing Federal Estate & Gift Tax Returns

When clients choose TrustBuilders Law Group, they get a team of dedicated and reliable legal professionals that they can count on to represent their best interests. We take great pride in our ability to combine a holistic, client-centered approach with the latest in drafting and analytics to generate a comprehensive planning experience. Our needs-based philosophy combined with our proven six-step planning process ensures that our clients receive the tailored legal solutions they need to feel confident about the future.

To schedule a free consultation with one of our lawyers, please call us today at (757) 500-5135.